Applying “the lowest common denominator” to this subject yields three inescapable facts and they are:
1. Current EV/lithium batteries are too heavy.
2. Current EV/lithium batteries are explosive.
3. Current EV/lithium batteries are too expensive.
Given the foregoing 3 facts, Ford and GM should forget, for now, manufacturing even 1 more Tesla type EV. My daughter and her husband have one and realize they can’t give it away.
“My daughter and her husband have one and realize they can’t give it away.”
Regarding resale value, let’s say a 10-year EV needs a new battery for $14,000. Is it worth putting that much money into a 10 year old car?
4. Depreciation