Originally Posted by petefoss
Remember one of the reason many EVs drop fast is they often have a 7500 tax credit. Even if the original purchaser wasn't eligible, the market assumes the actual purchase price was 7500 less.
That rebate is a factor, but bottom line, if supply is short and demand is high, value goes up, not down. Poor resale value of electric vehicles, IMO shows weak demand for used electrics.