Quote:
Originally Posted by ssiguy
One of the issues with EV sales is that, despite ICE being phased out, is that they will be difficult to resell.
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Zero evidence for this. Try and buy any used EV, especially when gas prices are high and see how that goes for you....
There's even stories where 1-yr old used Teslas sell for higher than the purchase price.
Quote:
Originally Posted by ssiguy
Every year ICE cars have changed usually for the better but the changes are incremental. This means that a 2022 Honda Civic may have better bells & whistles but the basic car is still the same. This is why people feel comfortable buying used cars.
The situation with EVs is vastly different. Battery technology is developing so fast that the changes are not incremental but rather metamorphic. The EV of just 5 years from now will be vastly different from the ones even today. The batteries will be much smaller & lighter, the cars will have significantly longer range and much shorter recharge times.
More than this, the prices are falling which is never happened with cars since the Model T. Why buy a car now when you can get a vastly superior one in 5 years for less money?
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The pace of price declines is slowing as the EVs approach price parity with ICEV. So this situation isn't likely to hold indefinitely. OEMs most certainly aren't going to be pricing EVs cheaper than ICEVs cars as long as there is a shortage of EVs on the market (likely to be the case for most of this decade).
Also, we're now at the point where changes aren't happening every year but with generational changes in tech (every 3-5 years) for each OEM. For example, Volkswagen will see substantial improvements when it moves from the current
MEB platform to the
SSP platform in 2026. Till then, you aren't likely to see substantial improvements in VW's current lineups. Maybe they wring out a tad more range as batteries get better. Or add a few more features as they work on the software.