The biggest question for me is depreciation. My 2022 Model Y in perfect condition with 50k miles on it is probably worth less than 1/3 of what I paid for it. That’s very tough to stomach.
As we think about offloading the Tesla, I’m left wondering if this is a point in time issue (due to Tesla dropping prices so dramatically, their brand being in the gutter, lingering post-pandemic market effects, slowly evolving consumer hesitations about EVs) or a permanent reality where EVs will just never command the resale value that ICE cars do.
On the other side of the equation, there are some great deals to be had in the used EV market. We added a second EV last year and saved in the neighborhood of $20,000 on a Volvo XC40 Recharge that might as well have been new.
As we think about offloading the Tesla, I’m left wondering if this is a point in time issue (due to Tesla dropping prices so dramatically, their brand being in the gutter, lingering post-pandemic market effects, slowly evolving consumer hesitations about EVs) or a permanent reality where EVs will just never command the resale value that ICE cars do.
On the other side of the equation, there are some great deals to be had in the used EV market. We added a second EV last year and saved in the neighborhood of $20,000 on a Volvo XC40 Recharge that might as well have been new.