I don't think that's the case. I was looking at some used Chevy Bolt models, and they can be found for quite cheap. I found a nearby 2022 model with only 20,000 miles on it listed for $19,000. I'm pretty sure I can negotiate the price down a bit, too.

When my wife got a 2020 Bolt (brand new), the out-the-door price was $24K. 19K is what we could sell it for in three years, coincidentally. 20% depreciation in three years is pretty good.