Used EV prices falling faster than expected?

I was looking at the latest monthly auction data and the depreciation curve on 3-year-old EVs is steeper than I anticipated. Some models are down nearly 50% from their original MSRP, with no sign of leveling off yet. Is this just a correction from the overinflated prices of the last few years, or are we seeing a structural shift? Curious if anyone is tracking the impact on new car leasing rates or seeing an uptick in used EV sales volumes as a result. What does this mean for residual value forecasts going into next year?