EV used prices (bottom of the market?)

I’ve been keeping half an eye on used EVs (a Tesla Model 3 looks like it would tick a few boxes for me) - but interested in peoples thoughts on where prices might still be heading.

There seems to have been some big price corrections over the last few months. Using one of those Autotrader price tracking extensions for Chrome, some of the price drops from dealers on older stock is a bit of an eye opener.

That said, whilst prices are looking rather tempting - I’m just wondering how much more of a drop we’ll see on these types of vehicles and whether it’s worth sitting it out a bit longer? Or if the market for these sorts of cars have found its level?

Totally agree cars are not an asset class, as such. However, the way that values have tumbled over the last 6months or so does suggest that a price ‘correction’ has occurred (or is occurring) - rather than a more normal reduction of value over time) - if that makes sense.