alt Hacker NewsThe part that's interesting to me is how much the depreciation is posed as negative rather than positive.
The long term value of a car is only really relevant if one is constantly cycling through cars and needs the trade-in/resale value. If a car isn't viewed as an investment and/or the intention is to drive it into the ground, depreciation is purely positive because it means that there's insanely good deals on some great cars right now. Of course everybody's needs are different, but for a lot of people there's nothing that comes remotely close of the value of a gently driven, practically new 1-3 year old lease return EV.
> The long term value of a car is only really relevant if one is constantly cycling through cars and needs the trade-in/resale value.
Depreciation is based on real-world qualities of a vehicle that determine how desireable it is to own over time. Toyotas tend to depreciate slower than Mercedes-Benz, for example, because maintenance and repair costs tend to be lower. For someone looking to buy a car new and drive it for 10+ years, they are probably going to be drawn to car models that have a reputation for reliability and thus hold their value. Even if you don't care about the resale value of a car, you probably do care about the underlying factors driving that resale price.
With EVs the factors driving depreciation are concerns about rapid tech obsolescence, battery degredation and replacement costs, incentives and new price cuts, and charging infrastructure. You also hear stories about Tesla drivers waiting 6+ months for a replacement part, Rivians being totaled because of a dent in a rear quarter panel, etc. These are all reasonable things for a buyer to be concerned with, in my opinion.
But I agree that if you are ok with all of the above in a used EV (range and charging speed may not matter if you have a place to charge at home, for example), there are good deals to be found.