Luxury electric vehicles suffer from a double depreciation hit—EVs already lose value faster than gas or hybrid cars, and luxury vehicles historically have poor resale values. The real question: are there hidden downsides to buying a heavily depreciated luxury EV? When you consider that a used luxury EV can cost the same as a new Toyota Corolla ($22,725-$28,940), the value proposition becomes compelling—you're getting advanced technology and premium features for economy car money. At $66,200 with every option included standard, it's a tough sell for range-conscious EV buyers who prioritize miles over performance. Overall, though, especially as a used purchase, a Polestar 2 will be more emotionally appealing than a brand-new Toyota Corolla.