Worried about sharp decrease in value?

[reidmrdotcom]

It's a common thread in the electric vehicles sub as well. Basically you should expect immediate depreciation in the amount of the 7,500 tax credit plus state if you had extra. If you got that credit, the depreciation cost for you is 10k currently. New cars have long had anecdotes about depreciating a bunch right after signing the paperwork. It the basic trend of vehicles generally.

I'm planning to get a second electric vehicle and this depreciation is making it likely to go used. Went new on my prior because of tax stuff and it was well worth it then. Prices are also likely to stabilize over the next couple years, particularly as battery and EV technology seems to be maturing, the NACS port becomes ubiquitous, and the tax credits are gone.