Everyone knows if the battery craps out, the vehicle will be worthless, so who would buy a second-hand one?
EV’s are not going to sell even close to what was anticipated, imo.
If you knew when buying a ICE used car and had to replace the engine less than a year after buying it and the new engine cost nearly as much as the used car, would you do it or would you just buy a new car every time you needed a new car, assuming you could afford it.
Think of buying a new EV and 4-5 years later a new battery was required that cost nearly as much as the original car, it’s a crazy idea considering the cost and the way technology is changing, the new batteries might be compatible with the older cars.
I have yet to see a comparison of the cost to operate an EV vs Petrol that allow for the expense of replacing batteries that have degraded over time.
Fossil fuels more reliable than electricity.
accelerated depreciation for EVs is simply a natural result of the battery slowly going dead over time ... once the battery is gone, so is the car ...
Something I heard about the other day, but haven’t listened yet .... all the talk about getting away from fossil fuels, going ‘clean’, etc .... we do not have the mineral resources to do it ....
***************
Decouple (podcast): Mining Our Way to Net Zero
“Dr. Simon Michaux, Associate Professor at Geometallurgy at Geological Survey of Finland, uncovers the truth about the vast mining requirements behind any proposed transition to a “clean” energy future.”
Watch the Decouple Studios episode on Dr. Michaux’s work: https://www.youtube.com/watch?v=19-gqgugKOc
Read academic works by Dr. Michaux: https://www.researchgate.net/profile/Simon-Michaux-2
My wife and I like our EV. But one important factor is that we live in Alabama.
In addition to what’s said below, expect ANY accident which damages the battery modules to “total” the car.
https://www.makeuseof.com/how-much-cost-replace-tesla-battery/
In 2019, Elon Musk said replacing battery modules costs between $5,000 and $7,000. However, different Tesla models use a different number of modules per pack. For example, older Tesla models, like the Roadster and Model S P85, have 11 and 16 modules, respectively. While newer versions, including the Model 3 and Model S Plaid, only use four to five modules.
Considering this, expect Tesla battery replacements to start between $20,000 and $35,000. However, these prices could increase as they do not include incidental expenses (like other parts) and labor. With the most affordable Tesla coming in at $42,990 before rebates, the battery accounts for nearly half to 80% of the cost of the vehicle.
However, actual battery repair prices vary from what the CEO said.
Now that’s a shock!
Caveat emptor.
G.O.O.D‼️💥
Another measure would be how the EVs hold up mechanically.
And the fuel cost per mile compared with a comparable gas-powered vehicle.
Both of our cars are over 10 years old. I don’t care what their resale value is now. They have served us well.
Because the INTEREST a person HAS for an EV fades rather rapidly as the consumer learns of the mistake she made and it becomes a beast of burden overshadowing the fascination for the gimmick.
Wow. Whodathunkit?
T’was to be expected. EVs have been out for a few years and the suckers who jumped on that bandwagon early are now finding out that the Total Cost of Ownership (TCO) is substantial. Add in the cost of charging station, the increase in monthly electric bill, higher vehicle insurance and the expected value of close to zero for a well-used EV with a dead battery and the suckers will realize that they have coughed up several times the sticker price for what is now a large paper-weight. And they are now on foot ...
Just how stoopid are liberals anyway ??
OOO now there’s a f^cking surprise
Not anything to worry about. The Fed will just issue another bailout for those foolish enough to buy them.