3 ms·
A fair criticism, but one that should work itself out as EVs gain more marketshare among new vehicles. Used car prices in general are a little crazy right now d
by theluketaylor 5y ago
A fair criticism, but one that should work itself out as EVs gain more marketshare among new vehicles. Used car prices in general are a little crazy right now due to shortages of new cars, but it won't be that long before used EVs start flooding the market, making them more accessible at tons of price points. Right now most used EVs for sale are very early designs and/or compliance cars which were never that good to begin with, but it won't be long before lessons learned cars are available used. I suspect early VW ID.4 coming off lease in 1-2 years will be excellent bargains, for example. It's a shame VW isn't bringing ID.3 to north america since they'd be even better.
Batteries are also continuing to come down in price and economies of scale are starting to kick in for EV manufacturing, so new EVs are becoming available at more accessible price points.
I think we have crossed the threshold where spending money on a new ICE passenger car doesn't make sense, but I think there is tons of value to be had in fuel efficient used cars, particularly Toyota's hybrids that have bulletproof drivetrains. Chevy Volt gen2 is also an excellent gateway (PH)EV.