[formerly_proven]

> First, the bottom has fallen out of the used market creating significant buyers remorse for early adopters.

The very high deprecation is often noted but the comparison is mostly in relation to sticker price, but the high discounts plus subsidies mean that the average discount for an EV was way higher than on ICE cars. Most of the high depreciation disappears once you take into account what the first buyer would have actually paid for the vehicle (often a five-digit discount), at least in my used car market. Some models seem to actually hold their value remarkably well, particularly those with no/few known issues and no real successors.

[DangitBobby]

I bought my car in the very brief period (a few months) where my purchase did not qualify for the tax credit. After 3.5 years of ownership, cars like mine sell for $15k, roughly 50% what I paid for it. The car works perfectly and the model has no widespread issues. I'm definitely planning to keep it, but my original plan was to trade it in for something newer when battery tech got battery. Seems like that's no longer in the cards.

[formerly_proven]

Yeah, but if you had the tax credit that presumably almost all other buyers got, then the amount of depreciation would be completely normal or even relatively low, depending on how high the EV subsidy was in your state (I'm assuming something in the 5-10k range?).

Another example would be small EVs (Zoe, e-up etc.) - the list price on these was often really high, like 25+k (and they were technologically obsolete already 5-6 years ago). But then you got 5k+ in EV subsidy, with the OEM also matching the subsidy, and you would've ended up actually paying like 15k for them. Now, 3-4 years later, these go used for 12-13k. So in reality they lost barely any value (20% deprecation over 3 years), but the published deprecation figure would be 60+%.

This explains why despite these "EVs suffer huge deprecation" claims there are actually very few bargains on the used market to make.