Late to the thread, but...
M2 Air, purchased new in Jan 2023. Use it 99% in clamshell mode with an external monitor, and plugged into mains power. Unplug mains once a week to discharge battery to around 40%. Computer always on, and is being used most of my waking hours, at least playing music or video.
Currently at 92% health after 64 cycles, and in Normal Condition, according to iStats.
Until recently it has always sat on 80% when plugged into mains. But did go through a 3-4 week patch recently where it was staying charged to 100% for no obvious reason, with no changes to my use pattern. That has stopped, but now it stays at 77%, instead of 80%.
Otherwise computer is working fine.
Battery does seem to be ageing a bit faster than I expected given it is on mains power almost always, and am wondering what is going on with the 100% then 77% charge behaviour.
Also, don't know the history of it, only recently started checking, but Screen On Usage also seems to be at max 24 hours a day most days, including when I am asleep. If anybody has any idea what is happening there.