I think a couple of things are coming into play including this articles point of more used vehicles, the loss of tax credits for EVs, and the general increase in competition in the market. All three are creating pressures to drop price.

I haven’t been paying attention. Did used car prices finally come down?

Undisciplined

"We’re about to see a massive flood of off-lease electric cars hit the U.S. market—and pretty much all at once. Why? The short version is that a combination of both pro- and anti-EV policies in the U.S. drove a rapid expansion of insanely good lease deals in certain pockets of the country. As those deals expire, the sheer volume of available used cars will fan the flames of a smoldering buyer’s market that could prove difficult for cost-conscious buyers to ignore."

... My biggest question with a used EV would be how much life is left on the original battery. The replacement on those parts is not low cost by any means.

econ

"We’re about to see a massive flood of off-lease electric cars hit the U.S. market—and pretty much all at once. Why? The short version is that a combination of both pro- and anti-EV policies in the U.S. drove a rapid expansion of insanely good lease deals in certain pockets of the country. As those deals expire, the sheer volume of available used cars will fan the flames of a smoldering buyer’s market that could prove difficult for cost-conscious buyers to ignore."


... My biggest question with a used EV would be how much life is left on the original battery. The replacement on those parts is not low cost by any means.