Posted Dec 27, 2021, 7:31 PM
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Registered User
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Join Date: Mar 2006
Location: White Rock BC
Posts: 10,741
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One of the issues with EV sales is that, despite ICE being phased out, is that they will be difficult to resell.
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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