I could be wrong of course but my impression is that many EVs were launched as we were emerging from Covid and the resultant components / supply chain shortages which, combined with a spike in demand, caused car manufacturers to get greedy and add a significant premium to their new EV models. This was certainly true for the brands I was looking at at the time, BMW, Audi. It didn’t last long.The depreciation of teslas and EVs is enormous, and there doesnt seem to be much of a floor. I would lease a new one, not buy a used one.
Fast forward a few years and the incentives are now crazy good, particularly for leasing (where the $7500 federal credit still applies, regardless of income).
I expect prices will be roughly equivalent soon if not already and the long term value of EV will be seen in lower maintenance costs. Many of the second hand EVs coming to market now were originally purchased during that post covid surge so I expect resell value will stabilise.
I do agree with others regarding Teslas in general: terrible build quality and just feel cheap internally, even the $100k S.
Again, just my own observations. (I’m a 2-EV household and would highly recommend it).
Statistics: Posted by fogalog — Tue Jan 14, 2025 5:31 pm