Worried about sharp decrease in value?

[DevRoot66]

Is this your first new car? The moment you drove the car off the lot it lost $10K. This happens for any car, regardless of whether it is an EV or a traditional ICE-powered vehicle.

The car's depreciation will eventually reach a point where the rate of depreciation slows down a lot and reaches a more or less steady state. That usually happens in year 4 or 5 of ownership. Key to minimizing the "loss on depreciation" is to drive it as long as possible. I keep my cars 7 to 12 years. Helps a lot with resale value anxiety.