Is this really the case though? The average car payment an American pays was $750/month last I checked, and I believe that was in 2025. Americans are willingly want to pay this price for... mediocre cars. Like leather and massage upholstered trucks and fully loaded Lexus ES's. If people really wanted, they can get a 1 year old EV with 10k miles for 40% off MSRP. Or wait 2 years, 25k miles and get it for more than 50% off. But people won't because they think the battery is depleted.