I bought an EV. it's fun to drive and it's affordable to recharge. However, I wouldn't buy another anytime soon. The depreciation is horrible. They are basically destined for a landfill once they no longer work. I can go to a junk yard and pull an engine for my Toyota tomorrow if I need to.
Massive depreciation means cheap used EVs. I don't see the issue.
Luxury ICE vehicles also depreciate rapidly, and yet they're quite popular. Plus EVs are likely to have longer usable lifetimes -- though with different issues -- than gas cars.
Luxury vehicles I've never understood, especially the non Lexus variety. so don't expect me to explain that.
Due to all the people in my fmaily I have 4 cars so I wouldn't go from 1 EV to 2. If the current EV gets destroyed I do think that used EVs are the right way to go and would buy a used one for sure.
They do still feel like throwaway cars. I'm not sure how you can argue they will have a longer lifetime. If the battery dies surely no one is replacing that at cost? It's more than the car is worth. At least with an ICE each part can be replaced in your driveway with a few hundred in tools and the part probably exists locally used or new.
Have you ever heard, "You get what you pay for?" If used EVs were worth a damn, they would drive down the prices of petrol vehicles too.
>Plus EVs are likely to have longer usable lifetimes -- though with different issues -- than gas cars.
You need to do some basic research, friend. EV batteries are not designed to be replaced at any sane price. They are built even more crappy than late model petrol vehicles. EVs depreciate rapidly because their useful life is short and problems are many. A 10 year old Honda Civic with a gas engine likely has another 10 or 20 years of life left.
An EV probably has a max life of about 15 years without a MAJOR overhaul which is likely not even doable for less than the price of a new EV, if you can even find someone willing to do it. Battery integrity is very hard to determine from sensors and external examination. If a cell has been damaged, it can start an inextinguishable fire which could take out a whole garage. These factors further hurt the resale value.
EVs were popular before petrol engines were perfected. But those EVs had swappable and relatively stable batteries and the cars did not have to conform to modern standards for acceleration, crash safety, and range.
