No. of Recommendations: 3
Maybe I'm just weird. Depreciation is irrelevant. It's not capital equipment to be expensed on my taxes**. I drive it until it dies. It's not an investment, it's a tool for transportation. Just like my Kitchen Aid mixer is a tool for baking (mostly). I don't worry about the depreciation of that, either.
I don't give a crap about depreciation. I care how about vehicle reliability, mileage/range, and some key features.
If I were shopping for a new car today, I would be motivated to search EVs because of rising fuel prices. That's happened a few times. I recall when gas hit $5/gal, dealers' lots were full of super duty trucks they couldn't get rid of (trade-ins), and you couldn't test drive a Prius because they were sold before they even got to the dealership (yes, I tried). If the prices continue to rise over a few months, I would expect the market for EVs to grow relatively quickly. Right now people are thinking it is "just a spike". Maybe so. I don't agree, but only time will tell. I think they are going to be higher for quite a while.
**In that example, it would be relevant if I could do that (e.g. using the vehicle for work), honestly.
