... Depreciation is the biggest issue with EV ownership here in the UK. It’s totally bonkers. Especially when you consider that EV’s will generally outlast an ICE car.
So what is causing that? The constant newer is better messaging is part of it. ...
This is becoming common and not just with EVs.
I remember buying a 28" Sony trinitron TV. I kept it for many years, as it's a TV. If it turns on, it works and doesn't need replacing.
Now, people spend loads on flat-screen TVs and replace them because the OS is out-dated, or they want full-HD, then 4K and now (for reasons which escape me - maybe my eyes aren't good enough) 8K. Some people replaced their TV because they wanted the curved version, or one with "3D" capabilities. Suckers.
Cars are becoming similar. You buy a car but replace it because the newer model has newer software, better AI, more cameras and parking features, longer range etc. The car itself is totally fine, but ... gadgets!
I'm still using an iPhone 11, but many people (no doubt over-represented on this forum) replace their iPhone each year but still, oddly, moan about how little the new model has improved over the older one. So they upgrade anyway, because ... new!
Once a product becomes like this, depreciation becomes an issue. Well, an issue for those who buy new; it's great for those who buy used. As for me, well, I'm also a sucker, because this year I'll probably buy the iPhone 17 instead of a used iPhone 16. Why? Because it's new! Damn commercialism.
Back on topic ... I don't currently own a car, living close to the centre of a European city which is cycleable and walkable. Last car I drove, I hired a hybrid (MG3 Hybrid). If I were to buy, I would try to go full electric simply because hybrid cars seem way too complex. People on forums complain that the MG3 has issues transitioning between its electric and petrol engines.
Only issue is that I live in an apartment and would need on-street charging. It's getting better here, but it's not quite there yet.