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They do depreciate, but not nearly as fast as in the US. They are thrifty after all, and gas is extremely expensive: about € 1.80 a liter at highway stations and 1.63 at the cheapest local unmanned stations. That would be about 8 dollar a gallon.
Electricity is taxed as well, but still is way cheaper per mile.
EV's are doing quite well, especially Tesla which outsells all other EV's combined with just the model S and X.
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2011 Honda Insight + HID, LEDs, tiny PV panel, extra brake pad return springs, neutral wheel alignment, 44/42 PSI (air), PHEV light (inop), tightened wheel nut.
  lifetime FE over 0.2 Gigameter or 0.13 Megamile.
For confirmation go to people just like you.
For education go to people unlike yourself.
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