'The adoption of electric vehicles in the United States has hit a pothole.

While the overall percentage of EVs on the road continues to climb — sales reached a record of 7.6% of the U.S. vehicle market in 2023 — resale values are going in the opposite direction.

“Prices for used EVs have been falling in recent months, especially compared to what we saw just a year or so ago when not only were used EV prices high, but some vehicles were also selling for close to new prices or even more,” says KTLA 5 technology reporter Rich DeMuro.

In 2023, prices for the top 10 best-selling battery cars in the U.S. fell an average of 28%, according to data from CarGurus compiled by HSBC.

On the surface, this might seem like good news for those waiting for the right moment to purchase their first electric vehicle. Unfortunately, this sharp decline in resale value points to several problems inherent to EVs that can’t be overcome in the short term.'

https://ktla.com/news/california/why-are-used-ev-prices-cratering-right-now-its-complicated

I must disagree. It's NOT complicated. They are too expensive, too complicated, too limited in range, have too few charging options, have no tolerance for cold weather, have too many unknowns as to longevity, and are just plain not ready for prime time for most of us.