So, the New York Times writes a story about the severe depreciation of electric vehicles, and the headline is, "Used E.V. Sales Take Off as Prices Plummet."
We are seeing 40-60% depreciation after a few years, and this isn't just limited to Teslas.
It turns out that used EVs are cheaper than comparable used internal combustion and hybrid vehicles because they lose value so rapidly.
Depreciation is a cost to owners, and high depreciation means that EVs are expensive to own and operate.
That's what the lede, and the story focus, should be.
I don't know why EVs depreciate so rapidly, and this story does not suggest a reason either, but it seems to me that this characteristic of the used electric vehicle market should be the headline, rather than ignored entirely.
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