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The same thing will happen to these ICE cars that has always happened to them. Demand wanes. Values decline. "Nicer" used ICE cars become available at a lower p
by dtagames 4y ago
The same thing will happen to these ICE cars that has always happened to them. Demand wanes. Values decline. "Nicer" used ICE cars become available at a lower price. Owners can recover whatever value is left by selling at a time of their choice, like always.
Some folks will choose to keep ICE cars even after the majority have switched, and this is fine, too. At that point, parts, service, and fuel for those vehicles will be harder to obtain and more expensive. Modern batteries will be good until after most owners have already sold or traded the car, and battery swaps are fairly easy with "skateboard" type (modern) EV designs.
Will the market step up to provide access to charging, etc? Of course! There's money to be made and lots of it. Will ICE parts and service suppliers (or dealers) survive the change? No, most will not. Many of the most expensive and service-heavy parts of an ICE vehicle don't even exist on an EV, and most service will be done at home by a truck that visits your house. Likewise, EVs will not be stocked on lots like ICE cars are, so there goes a big chuck of the dealer sales/service model.