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To: neverbluffer

“This is the real reason for the drop in values for EV’s.”

indeed ... and of course that very reason is ignored by the propaganda articles, which tries to blame the resell issue on a bunch of nonsense that excludes everything BUT the battery issue ...

no one in their right mind would buy a used EV with a battery of unknown capacity or even one with a known capacity that’s about gone because a new battery costs as much (or more) than a whole brand new EV!


18 posted on 12/25/2023 8:17:13 PM PST by catnipman (A Vote For The Lesser Of Two Evils Still Counts As A Vote For Evil)
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To: catnipman; neverbluffer
IMHO part of the reason for the drop in value of EV's is the fad is gone.

As an analogy, if you bought Beanie Babies stuffed animals for the purpose of giving toys to your kids, you might be happy with your purchase. But if you bought them thinking they were good investments in the 1990's, you're unhappy with your purchase. IIRC, the Beanie Babies fad never returned and they're now worth no more than any other old stuffed animal toys.

That's the way I see EV values now. The fad is over and a used EV has much of the same degradation the moment you buy it as gas cars. The shortage of supply in the EV market artificially propped up prices to the point that, for a little while, someone could sell a 6 months used EV for more than he bought it.

Our EV still makes us happy because we're in a good situation for an EV to make sense. It was time to replace my wife's old ICE crossover anyway (in other words don't buy an EV or ICE car if you already own cars that are still good). We drive the EV 26K miles per year, with 16K of those miles charged at home (in other words we save more than enough on gas and oil changes to make the cost of the EV worth it). Our 2nd car is an ICE pickup which is good for our pickup chores and the times my wife and I split up for the day (needing 2 cars to go in 2 different directions) and if we one day decide to drive on a long trip that has few charging options. We also have a bunch of solar for our all-electric home (it's important to me to be more energy self-reliant so that the left has less control over our retirement finances with their warmageddon cult and their sky high energy prices). Last but not least, I like the fact that our two cars are energy diverse so that we don't have all of our transportation eggs are in one energy basket. In other words, if the left makes gasoline hard to come by our too expensive to use regularly (IMHO it's still too expensive) -- we can do must of our driving in the EV. If the left makes power hard to come by or too expensive -- we can do most of our driving in the ICE pickup. If they make both power and gas hard to come by -- we can use the EV at least for local driving because of our solar.

At least, that's my take on practical reasons to get an EV and practical reasons to not get one.

48 posted on 12/26/2023 4:31:47 AM PST by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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