this post was submitted on 11 Feb 2026
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Electric Vehicles
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I imagine that is what the market will bear. The big problem is likely other cars available in that market. At least in my market, there are many EVs with lower than average mileage and this one is the opposite end of the spectrum. Also, the Ioniq 6 has polarizing styling which limits the potential buyer pool further.
A better analysis would probably be a sample of a bunch of EVs in multiple markets rather than cherry picking a particularly egregious example. I have bought two different used EVs to take advantage of the depreciation, so I don't think the thesis is incorrect. Some of the depreciation was due to the tax credit being claimed and unavailable for the second owner.