Firstly the sales guy told me they are all from Russia no less, and no one's buying them.
He said the depreciation is so bad that they have to charge more for a two year old on finance than you pay to buy it new.
They had a Peugeot 2008 EV, 37 grand new, two years old, 15 grand and no one wants it
Someone is confused.
If a 2 yo vehicle on finance costs more than a new one, there are explanations that make a LOT more sense than the sales guys fuzzy logic:
Used prices were elevated due to supply issues and the moron still hasn't caught up?
Or, more likely, manufacturer / govt discounts for buying an EV are MORE than the depreciation on a 2 yo EV.
As for the Peugeot - it's a compact SUV , marketed at fashion conscious young people who think they can afford to make a statement in vehicle choice, and the company vehicle was on a 12 month lease because HR knew they'd be jumping between employers twice within that t8me frame..... Think boutique handbags or fashion clothes donated to homeless people. Nobody pays 50% of new retail for 2 yo fashion items. More importantly, no self respecting spoilt bratt wants to be driving a 2 year old EV ! Unfortunately, no 60 yo environmentally aware couple wants to try contorting their old bodies into it, either.