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[quote=jsteele][quote=Anonymous][quote=Anonymous][b]All electric vehicles are depreciating like stones, taking the industry off guard. [/b]Not just Teslas. Lightly used Porsche Taycans can be picked up cheap, and Chevy Equinox EVs can be leased for about the cost of a cell phone plan ($169/mo. in some cases). [/quote]

is it because more than expected teslas are being dumped onto the market? or has ev suddenly lost its appeal as a viable used car option? what did the industry fail to foresee? 
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My theory about depreciation of EVs is that it is due to a couple of different factors. One is that technology is improving so quickly that new EVs are significantly better than those that are even a few years old. On top of that, prices have been dropping on new EVs. So a used EV depreciates simply because it's used, then more because new ones are better, then more because new ones are cheaper. In addition to all of those factors, there is huge fear about batteries. Batteries deteriorate over time, but it now seems not as much as everyone thinks. Batteries also benefit from being cared for properly, and buyers may fear the previous owner didn't care for the batter very well. Because batteries are so expensive, fear of a battery that may deteriorate quickly dissuades many perspective buyers.

With all that said, there are some fantastic deals on used EVs now.
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