A variable reflectance vehicular electro-optic rearview mirror reflective element assembly includes a front substrate and a rear substrate and a perimeter seal disposed therebetween. The front substrate has a first surface and a second surface that has a transparent electrically conductive coating disposed thereat. The rear substrate has a third surface and a fourth surface, with the third surface having a conductive coating disposed thereat. The perimeter seal spaces the front and rear substrates apart and forms an interpane cavity therebetween. The third surface conductive coating includes a plurality of layers, which includes a first layer of nickel chromium. The first layer of nickel chromium is overcoated with a silver or silver alloy layer, and the silver or silver alloy layer is overcoated with a second layer of nickel chromium, and the second layer of nickel chromium is overcoated with a reflective layer.