I was originally worried about depreciation when I bought my EV six years ago, because I feared 5 years later all the cars on offer would have 500mi range and charge in half the time.
I realized I generally hold my vehicles for life, (because it's the most cost effective thing you can do), and it really doesn't make any difference what happens as long as I'm happy with the features at the point I bought them. If you don't want to hold onto a vehicle for life, you should strongly be considering used or lease.
Another thing to note is that EV depreciation is being wildly exaggerated. The resale value of my EV is right in line with other comparable ICEs (actually better, depending on the comparison). Most of the misleading reporting uses data from the COVID era where vehicle pricing was wildly whack. At that time I could sell my 3 year old car for more than I paid new - something I had never seen in my lifetime and suspect I will never see again.
I'm referring more to the risks involved here. It happened not so long ago, when Tesla decided to cut prices of their vehicles, which resulted in huge price dropping of other EV-s (you could loose few thousand Euros here in Europa). Of course, this doesn't happen every day, but events like this can happen. Especially in the EV market, as lots of innovation is happening at the moment, e.g. solid state batteries will be ready for every day use. What would happen to the current EV-s on the market? Their price will drop significantly. If this is fine for you, no problem. But it's better to know about it, than to act like such things will never happen.
Right, my point is that "holding for life" means you never "lose" anything, regardless of how the market performs. This isn't hypothetical for me. I've never sold or traded-in a functioning vehicle (only gifted). You can also purchase used or lease to similarly mute market effects.
News flash: buying new cars and getting rid of them early comes with market risks.
I realized I generally hold my vehicles for life, (because it's the most cost effective thing you can do), and it really doesn't make any difference what happens as long as I'm happy with the features at the point I bought them. If you don't want to hold onto a vehicle for life, you should strongly be considering used or lease.
Another thing to note is that EV depreciation is being wildly exaggerated. The resale value of my EV is right in line with other comparable ICEs (actually better, depending on the comparison). Most of the misleading reporting uses data from the COVID era where vehicle pricing was wildly whack. At that time I could sell my 3 year old car for more than I paid new - something I had never seen in my lifetime and suspect I will never see again.