Fast moving new technology means a larger gap between the used and new market. Combine this with effects of smaller volumes per model and they start high and fall fast.
It will change, but 'early adopters' are carrying some of the costs of transition - though only realise losses at time of sale (so keeping the vehicle longer will cost you less than frequent refreshes).
Edit: and no, buying one is not foolish. For many consumers, a midrange EV is already a saving over a reasonable lifetime.
I don't have a problem with open lobbying per se. If it's on behalf of all of the workers and customers as well and not just their own interests.
But can anyone identify such a billionaire?
And by definition that rules out any that step on their workers like bugs...