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Speculating about the next years, Fred Lambert writes that once there are good all-electric options across the car market internal combustion engines will be as good as dead.
Before 2025, there's going to be a point where there's not going to be a single car buyer in their right mind who's going to want to buy a new gasoline car. Not a single one. Because they're going to look at the market, they're going to look at what's out there, and all the different electric car models that are out there now. By that point, by 2025, there's going to be dozens and dozens of more EV models than what's available today. And attractive ones!
It's going to be hard for someone to justify buying a gas-powered car at that point, because they're going to think about the resale value of it.
I think the resale value of gasoline cars is going to drop massively in the next five years, and predicted value is going to drop even more drastically. Buying a gasoline car right now is a bad choice. Buying a gasoline car within the next five years is going to be just a financial suicide for most people.
Earlier on SN:
Every Electric Vehicle on Sale in the US for 2019 and Its Range (2019)
Australian Plan to Ban Petrol and Diesel Cars (2019)
Have We Reached Peak Car? (2018)
(Score: 0) by Anonymous Coward on Tuesday July 09 2019, @04:05PM
It doesn't need to meet the needs of 100% of the people, it just needs to meet the needs of enough people that the infrastructure for ICEs is no longer viable. At that point, whether or not the remaining people like it, the gas stations and the like will stop providing them with service. Things will go back to the way they were in the past where if you have an ICE you better carry enough fuel with you for the trip as you won't be able to fill up midway.
In practice though, I would expect that over time there'd be a boom in the rental of cars capable of driving many hundreds of miles on a charge as it's likely cheaper than buying a car that can go weeks without charging for daily use.
I already do that with my motorcycle, my day to day bike is a small displacement one that gets great fuel economy and is super nimble. If I need to hit the open road for a longer trip, I just rent something appropriate for the ride. I'd have to rent for a ridiculous number of days before I wind up spending more money.