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posted by Fnord666 on Tuesday July 09 2019, @07:55AM   Printer-friendly
from the electrifying-news dept.

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)


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  • (Score: 0) by Anonymous Coward on Tuesday July 09 2019, @04:37PM (1 child)

    by Anonymous Coward on Tuesday July 09 2019, @04:37PM (#865039)

    It failed to meet its goals, yet decimated the used car and car parts markets due to the mandatory destruction of the engines with silicate.

    Ah, but it did in fact meet its goals. Why? Because "cash for clunkers" true goal was exactly the "[decimation of] the used car and car parts markets".

    Used cars put a drag on new car sales, and the automakers only make money on new car sales. So decimating the used car market (which was "cash for clunkers" true goal) was supposed to prop up the new car market.

    The fact that the new car market didn't get propped up as expected by the politicians simply means that the politicians that dreamed it up miss-understood why the used car buyers were buying used instead of new. The politicians where thinking "if there are no used, they will buy new" while the buyers thought "if there are no used, I won't buy anything".

  • (Score: 2, Touché) by khallow on Tuesday July 09 2019, @05:53PM

    by khallow (3766) Subscriber Badge on Tuesday July 09 2019, @05:53PM (#865079) Journal

    So decimating the used car market (which was "cash for clunkers" true goal) was supposed to prop up the new car market.

    The fact that the new car market didn't get propped up as expected

    So didn't meet goals.