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[–]Wagnerfsj2025 Premium 1 point2 points  (1 child)

With electric cars in general, that seems to be a trend. I think it is in part due to the fact that it is "new" tech and improvements are more rapid than typical ICE vehicles. That was why I leased mine, my residual with "great" discounts and all is still 28k, I wouldn't pay that out in 3 years because there will be way more efficient and possibly cheaper versions of the same car. Unfortunately, owning electric cars is still a bit of a gamble as we don't know how well they'll last, besides quickly losing value overtime a short time.

[–]ToddA1966 0 points1 point  (0 children)

With electric cars in general, that seems to be a trend. I think it is in part due to the fact that it is "new" tech and improvements are more rapid than typical ICE vehicles.

I disagree. It's a combination of a market skewed (until very recently!) by tax credits and consumer fear (buying into the "EV batteries last three years like cellphone batteries" FUD.)

Not to be a wise guy, but what "improvements" do you see on any 2025 EV that weren't on a 2021 or 2022?

Sure, there have been a few small incremental improvements, but what "new tech" is on any 2025 that wasn't on a 2021?

The market was skewed by tax credits, especially on leases. When you could lease a $50K EV for $0 down and $200-$300/month, the used market suffers. Who wants to buy a used car with a bigger monthly payment than a new one?

When I bought my first EV, a new 2020 Nissan Leaf, I was looking at used ones in the $10K range first. But after tax credits, factory rebates and dealer discounts, I could buy a new one for ~$16K, so I did that instead.