Stories
Slash Boxes
Comments

SoylentNews is people

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)


Original Submission

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 0) by Anonymous Coward on Wednesday July 10 2019, @04:00AM (1 child)

    by Anonymous Coward on Wednesday July 10 2019, @04:00AM (#865278)

    There will not be any kind of EV revolution coming soon for other reasons as well:

    1. Only 10% of the cars are new (< 3 yr). The remaining 90% - old cars. People with old cars are less likely to sit on a pile of cash to buy a new EV. There is just not enough free money on hand to spend it on a new car. (And people with money have Teslas already.)
    2. Currently the sales of cars (and production, more or less) are 6 million per year. But there are 183 million cars in use. The industry needs 30 years to replace all the existing cars.

    As EVs require more chargers than an ICE car needs gas stations, the country may have a power grid crisis on its hands before all the chargers can be placed. My building has one (1) Level 2 charger - there is no current for more, and getting higher amps requires major reworks in many places. How much does it cost to completely rewire a city? Nobody is going to pay for it, and nothing will be done unless the federal government staples some big checks to the copies of its edicts that it sends to local governments.

  • (Score: 2) by Phoenix666 on Wednesday July 10 2019, @03:45PM

    by Phoenix666 (552) on Wednesday July 10 2019, @03:45PM (#865408) Journal

    i have two family members who drive BMW i3s. they charge up in electrical infrastructure called "their garages.". IOW the chargers you fret about are ubiquitous and have been for decades.

    --
    Washington DC delenda est.