Significant value increases in new vehicles each year.
Threats on tax credits in US is “good” for used values. Even in US though, value of an EV, including sticker price, is better than ICE. Quicker, quiet, emergency/home/mobile power symbiosis, cheaper to operate, and matching equivalent ICE sticker prices without tax credits now. Rest of the world has even better value.
Lifetime cost of driving a new (or actually, used) vehicle into the ground is still the best metric on which one to buy. But like solar a few years ago, you could hope costs would be lower next year.
High depreciation of EVs is based on 2 things:
Threats on tax credits in US is “good” for used values. Even in US though, value of an EV, including sticker price, is better than ICE. Quicker, quiet, emergency/home/mobile power symbiosis, cheaper to operate, and matching equivalent ICE sticker prices without tax credits now. Rest of the world has even better value.
Lifetime cost of driving a new (or actually, used) vehicle into the ground is still the best metric on which one to buy. But like solar a few years ago, you could hope costs would be lower next year.