Electric cars depreciate at an alarming rate, and it's not just high-end models like the Porsche Taycan. If you bought a Taycan Turbo S for $210,000 a few years ago and drove it less than the average 10,000 miles per year, it would have depreciated by over $100,000 - that's 50% in just three years! Even more affordable EVs like the Nissan Leaf, starting at $28,000, lose about half their value in one year.

In this video, we explore why EVs lose value so quickly. On average, electric vehicles depreciate 52% in three years, compared to 39.1% for traditional internal combustion engine (ICE) cars. We break down the reasons behind this trend, from EV tax credits and low gas prices to concerns about battery longevity, supply and demand dynamics, and the adoption curve of new technologies.

We start by defining depreciation and then delve into the five main factors driving EV depreciation, from subsidies and tax credits to market saturation and consumer preferences. Whether you're considering buying an EV or just curious about the economics behind them, this video will provide valuable insights.

Watch to understand the hidden costs of owning an electric vehicle and why their value drops so dramatically. Don't forget to share your thoughts and experiences in the comments below!

0:00 Intro
1:26 Reason One
2:22 Reason Two
3:30 Reason Three
5:20 Reason Four
6:52 Reason Five