Carsome charges into EV resale market as electric cars gain traction in South-east Asia
With EV depreciation outpacing that of conventional cars, the e-commerce platform wants to plug the gaps for its next growth play
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[KUALA LUMPUR] As electric vehicles (EVs) gain popularity in South-east Asia’s showrooms, their real test lies after the sale.
Malaysia’s first tech unicorn, Carsome, now wants to tackle the EV market’s biggest constraints: uncertain resale values and thin liquidity in the secondary market.
Carsome’s chief business officer Aaron Kee said the real hurdle is not in selling people on EVs, but in ensuring that they do not lose so much money when they sell them that it scares off the next generation of buyers.
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