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[quote=Anonymous]The resale value also tanks because second hand buyers tend to live in townehouses, apartments, and other situations where charging can be much harder.

EVs are still treated and often marketed as luxury cars.  Many Audi and BMW drivers have switched to EV’s for performance reasons.  So, on top of the EV depreciation you also have luxury car like depreciation.

It’s not unusual for EV depreciation to be as high as 50% after 2-3 years even though the battery is still under warranty with a lot of life left.

Also, EVs are seeing major changes year to year such as adding heat pumps, more powerful motors or switching from li-pi to longer lasting Iron phosphate batteries.

My advice is to get a cheap lease (with Fed tax credit) to protect yourself somewhat from depreciation or to buy a used EV with a model that’s been on the market for a few years so you know what kind of support the manufacturer has given it.

I bought a used Ford Mach E 2WD Select that was also eligible for the used EV tax credit.  It hits all my needs, but I wish it was easier to add a hitch to.[/quote]

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