Range Rover Discounted 60% In China Shows EV Divide

A Range Rover Evoque L in China is advertised for $26,600, a 60% discount from its $63,500 list price. Gasoline car discounts in China averaged $4,900 through May, nearly double last year, as EV demand surges. A three-year-old used car now holds only 38% of its original value.