I see this narrative pushed a lot, but never with any numbers. When I look at the depreciation of Teslas they seem to be 50% after 3 years, which is absolutely standard in the UK for any vehicle. What are “decimated” numbers?
> The average car depreciation will hit hardest in the first year of ownership. Generally, the drop will be around 15-35% in the first 12 months. And that will continue to rise up to 50% or more over three years.
> Year 1: 15-35% depreciation. 65-85% of the original value.
> Year 3: 40-60% depreciation. 40-65% of the original value.
> Year 5: 60-70% depreciation. 30-40% of the original value.
> Year 8-10: 80% depreciation. 20% of the original value.
https://motorway.co.uk/sell-my-car/guides/car-depreciation-g...
When I look at the non lux Chevy Bolt the used price doesn't seem that much off the tax and incentive adjusted price of a new one.
And California's EV sales requirements means that manufacturers have been dumping bad/unprofitable cars into the market for years. Many of these cars barely function in colder weather, so they don't propagate out to other parts of the country.