Depreciation is a massive slice of the pie in all cars, but EVs are hit even harder. Buying a used EV is probably my best bet in about 5-10 years from now.

Specific cost of ownership (as in €/m) is what actually matters in the end, but most people ignore it. Usually people just compare gasoline and electricity prices and draw their conclusions based on that. That sort of analysis is not going to give you a very reliable picture.

Regardless, if I had the money to drive a BMW, buying an EV would be a simple decision. Who cares about the purchase price, ongoing expenses or depreciation when you have that much money. Since I’m not in that market segment, EVs aren’t really a viable option for me just yet.

It depends where you live. We have cheap gas and I live in an area with one of the more expensive prices for electricity (and there are worse), but “filling up” at home is much cheaper than “filling up” my ice car.

However

• yes, we only have expensive EVs here. You can make up an extra $5k of purchase price with money saved on operations, but $10k or more is much harder
• trip chargers are already in a race for exploitation, profit seeking. Except for Tesla, prices are high, maintenance is low, and they compete for trapping customers more than attracting them
• since EVs became political we are currently off balance between supply and demand, so used cars are over supplied and lost much value. The quickly changing technology just makes it worse