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Maybe $30k or $40k are nothing for the average car owner in the USA but that's 3 or 4 times what a small car used to cost here in Europe, even 5 times. Small ca
by pmontra 1y ago
Maybe $30k or $40k are nothing for the average car owner in the USA but that's 3 or 4 times what a small car used to cost here in Europe, even 5 times. Small cars are going extinct or their price doubled because they are transitioning to electric too. The result is that they are selling few EVs and a lot of used combustion engine cars. The EV transition is derailing here because of price, not because of second hand market value.
- shinycode 1y agoExactly. There is such a gap between brand new EV and regular cars that for someone doing 10000km per year it needs on average 8 years before breaking even to account for the price gap. It’s too expensive right now it does makes sense to invest in an EV, except if money isn’t a problem
- bluescrn 1y agoThere's also a whole lot of people without the option of charging at home, especially here in the UK (relying on on-street parking or living in flats) Green tech is great if you're upper-middle class with a nice big detached home, plenty of space to install solar, a heat pump, and EV charger. But a large percentage of people just don't have a 'compatible home' even if they had the cash available to invest in such tech.