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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 Wednesday July 10 2019, @04:25AM
Landlords can only do what is possible within their budget. They may hang a light above a dark path if that removes the danger of a lawsuit. But do you think they can authorize changing the design of the building? Certainly not. A certified electrician comes, glances at the breakers and says "You don't have enough amperage to run this. Have a nice day."
Tenants know this, and they don't buy EVs. It just doesn't make sense. An EV is cheaper only if it runs a lot, per my earlier calculations. But many city drivers do not burn too much gas, as they are driving relatively short distances. If they have a hybrid or another efficient ICE car, they will be better off with gas.
The threat of not enough tenants is laughable, as many cities are overflowing with people. Rents are rising, I don't remember them ever falling. An EV owner might look for a building that is equipped, but a gas car owner will look for a building that is better for him, not for his car.