[refurb]

You're missing the point. It's cheaper because there is a lack in consumer confidence in used EVs.

And that can impact the new market as well - people won't buy a new EV if they're going to take a 60% depreciation hit versus 30% on a similar gas vehicle.

[zelos]

I don't see any evidence in the linked article that it's due to a lack of confidence? Could it not be issues like (for example), new models being released at lower price points with better range?