> This absolutely destroyed the resale value for people who paid near the high point
This is definitely true, but it's funny how much hand-wringing is being done about those people, who already bought EVs and really don't need to replace them like 3-4 years into ownership (they might want to for vanity, but if so they're either rich or love wasting money).
"Destroyed resale value" is just another word for "provided amazing prices to a great used market." These "destroyed value" cars are great almost-new cars available at prices competitive with gas cars. In California with horrific electric rates, if I charge my used EV at the "non-peak" time it's like buying gas for my old car at 2.50/gal. In places with much better rates it's more like $1 a gallon. And these are cars that are now available for the same price as a comparable gas car. I'd say this is a huge win for everyone.
This is definitely true, but it's funny how much hand-wringing is being done about those people, who already bought EVs and really don't need to replace them like 3-4 years into ownership (they might want to for vanity, but if so they're either rich or love wasting money).
"Destroyed resale value" is just another word for "provided amazing prices to a great used market." These "destroyed value" cars are great almost-new cars available at prices competitive with gas cars. In California with horrific electric rates, if I charge my used EV at the "non-peak" time it's like buying gas for my old car at 2.50/gal. In places with much better rates it's more like $1 a gallon. And these are cars that are now available for the same price as a comparable gas car. I'd say this is a huge win for everyone.