concern that newer tech will make your purchase obsolete
possibly a feedback loop on any of the above
If I needed to replace a vehicle, I would almost certainly get a lightly used EV. Many are priced 40% lower after just a couple of years. As long as I drive it for 5 or so years, the value is there for me.
I personally wouldn’t buy a Tesla, because Elon is a prick. I’m sure there are others. It’s probably not the biggest factor in tumbling prices though.
Fully agree. I got my EV used and it’s 7 years old now and buying it was definitely the right choice for me. But I remember considering all of those factors when I was shopping. Used EVs becoming cheap is great and helps get them into the hands of people who can’t afford new ones. Sure I’ll make less selling when I do, but it’s a tool for transportation, not an investment.
There’s lots of factors:
If I needed to replace a vehicle, I would almost certainly get a lightly used EV. Many are priced 40% lower after just a couple of years. As long as I drive it for 5 or so years, the value is there for me.
I personally wouldn’t buy a Tesla, because Elon is a prick. I’m sure there are others. It’s probably not the biggest factor in tumbling prices though.
Fully agree. I got my EV used and it’s 7 years old now and buying it was definitely the right choice for me. But I remember considering all of those factors when I was shopping. Used EVs becoming cheap is great and helps get them into the hands of people who can’t afford new ones. Sure I’ll make less selling when I do, but it’s a tool for transportation, not an investment.