Paris is becoming a city of bikes. Across China, people are snapping up $5,000 electric cars. On Earth Day, a look at a few bright spots for emission reductions.
Either keep on rolling as the batteries are good for 10 years at least or … buy a brand new electric one for 5 k!
The point is there will be no used car market for ICE vehicles as new electric will be so cheap. Only rare and specialty ICE cars will hold some value for collectors and enthusiasts. General commuters and average vehicle owners will not be able to resist nor have any reason to resist the cheap brand new electric vehicles. Why buy a used ICE that needs constant servicing and petrol costs when a brand new electric is cheaper?
China has changed the story. It’s not about high end high cost electric vehicles. They are about to completely disrupt the entire car industry worldwide on a scale that the major car manufacturing nations are completely unprepared for.
Battery costs are dropping fast. And used batteries will be common, and the newer ones will keep getting better. Apart from the fumes, I like the old cars a lot, but we can’t afford so many of them.
The car graveyards will be all the ICE cars that have no used car value except as scrap.
Brand new electric for under 10k?
Yes please
It will happen slowly, then all at once.
And what are you going to do when your 10K car is dead and gone in 5 years because lithium batteries are a joke?
ICE cars can keep working more than your effective lifetime
Either keep on rolling as the batteries are good for 10 years at least or … buy a brand new electric one for 5 k!
The point is there will be no used car market for ICE vehicles as new electric will be so cheap. Only rare and specialty ICE cars will hold some value for collectors and enthusiasts. General commuters and average vehicle owners will not be able to resist nor have any reason to resist the cheap brand new electric vehicles. Why buy a used ICE that needs constant servicing and petrol costs when a brand new electric is cheaper?
China has changed the story. It’s not about high end high cost electric vehicles. They are about to completely disrupt the entire car industry worldwide on a scale that the major car manufacturing nations are completely unprepared for.
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Battery costs are dropping fast. And used batteries will be common, and the newer ones will keep getting better. Apart from the fumes, I like the old cars a lot, but we can’t afford so many of them.