Production EVs are developing rapidly, if not as rapidly as smartphones.  
I'd guess that that's one reason that leases are popular.  It may also be 
one reason that they depreciate faster than ICEVs.

Just look at two year old smartphones (when sold outright, not on a mobile 
contract).  Most cost a fraction of their original price too, even when 
offered as new old stock.  

Another possible reason is simply that the used price reflects the actual 
value to buyers, while the new price was set too high.

David Roden - Akron, Ohio, USA
EVDL Administrator

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