Do they depreciate any worse than their gas counterparts? You’re also saving money on gas and maintenance - that’s gotta count for something, no?
And yes EVs depreciated worse than any other vehicle.
Most people in California don’t have PG&E. Most of the land area in the northern 2/3 of the State or so is covered by PG&E, but people and land area aren't the same thing. Southern California Edison alone serves almost as many people as PG&E, and other smaller utilities, including public utilities like LADWP, SMUD, Silicon Valley Power, etc., serve another big chunk of the population.
Also for depreciation:
2020 Mazda 3 - sold $18k at dealer, originally $28k, 64% retained
2022 Kia EV6 - bought $25k, originally $55k-$7.5k federal, 53% retained