Results of the study show that at 3-5 years old, the resale value on hybrid vehicles is notably higher than electric vehicles. For used hybrid vehicles, the residual value after three years is 65.6%, which is 13.5% greater than an electric vehicle. After 4 years it is 56.9% and after five years is 46.3%. For electric vehicles, the residual value after three years is 52.1%, after 4 years is 42.6% and after 5 years is 32.5%.