concern that newer tech will make your purchase obsolete
possibly a feedback loop on any of the above
If I needed to replace a vehicle, I would almost certainly get a lightly used EV. Many are priced 40% lower after just a couple of years. As long as I drive it for 5 or so years, the value is there for me.
I personally wouldn’t buy a Tesla, because Elon is a prick. I’m sure there are others. It’s probably not the biggest factor in tumbling prices though.
Fully agree. I got my EV used and it’s 7 years old now and buying it was definitely the right choice for me. But I remember considering all of those factors when I was shopping. Used EVs becoming cheap is great and helps get them into the hands of people who can’t afford new ones. Sure I’ll make less selling when I do, but it’s a tool for transportation, not an investment.
I live downtown in a fair sized city. There are 4 Teslas within a block of me. Only street parking. It surprised me because I figured I couldn’t go electric because of no driveway etc. But they make it work. So I think that’s changing over time.
That said I still wouldn’t go electric, at least anytime soon because I go camping constantly.
You can make do with charging at work, if they use superchargers only they are putting massive degradation on their batteries which is just a stupid move and depending on the price of charging comes out more expensive than an ICE that can do 5L/100km
There’s lots of factors:
If I needed to replace a vehicle, I would almost certainly get a lightly used EV. Many are priced 40% lower after just a couple of years. As long as I drive it for 5 or so years, the value is there for me.
I personally wouldn’t buy a Tesla, because Elon is a prick. I’m sure there are others. It’s probably not the biggest factor in tumbling prices though.
Fully agree. I got my EV used and it’s 7 years old now and buying it was definitely the right choice for me. But I remember considering all of those factors when I was shopping. Used EVs becoming cheap is great and helps get them into the hands of people who can’t afford new ones. Sure I’ll make less selling when I do, but it’s a tool for transportation, not an investment.
biggest issue with EVs is that they are still locked to those who can charge at home, so mostly house owners.
I live downtown in a fair sized city. There are 4 Teslas within a block of me. Only street parking. It surprised me because I figured I couldn’t go electric because of no driveway etc. But they make it work. So I think that’s changing over time.
That said I still wouldn’t go electric, at least anytime soon because I go camping constantly.
You can make do with charging at work, if they use superchargers only they are putting massive degradation on their batteries which is just a stupid move and depending on the price of charging comes out more expensive than an ICE that can do 5L/100km