Paris is becoming a city of bikes. Across China, people are snapping up $5,000 electric cars. On Earth Day, a look at a few bright spots for emission reductions.
Either keep on rolling as the batteries are good for 10 years at least or … buy a brand new electric one for 5 k!
The point is there will be no used car market for ICE vehicles as new electric will be so cheap. Only rare and specialty ICE cars will hold some value for collectors and enthusiasts. General commuters and average vehicle owners will not be able to resist nor have any reason to resist the cheap brand new electric vehicles. Why buy a used ICE that needs constant servicing and petrol costs when a brand new electric is cheaper?
China has changed the story. It’s not about high end high cost electric vehicles. They are about to completely disrupt the entire car industry worldwide on a scale that the major car manufacturing nations are completely unprepared for.
Battery costs are dropping fast. And used batteries will be common, and the newer ones will keep getting better. Apart from the fumes, I like the old cars a lot, but we can’t afford so many of them.
I don’t think that will be an issue. In the US, most batteries are warrantied for ten years/100,000 miles, which means they confidently go longer. I believe most batteries are also cell based, so failure isn’t 100%. Probably just a shorter battery life. Lots of people will be fine driving with a shorter range.
There are also used batteries and battery recycling. Plus in ten years there will be new technology, efficiencies in production, etc.
These vehicles will probably follow the same life cycle that most do. Being passed down from new owners to used, etc.
This is in fact the only coherent argument for why US electric vehicles all have such absurdly huge ranges - so that they still have decent ranges even when old.
EV battery recycling is already a thing. Hopefully the relevant authorities start putting out some standards for battery packs to keep them at least somewhat recyclable though, since that’s getting to be a problem given that every single auto manufacturer seems to be building custom packs for every car.
Can’t wait until the car graveyards start surfacing from these cars that are too expensive to fix because the batteries cost more then the car…
The car graveyards will be all the ICE cars that have no used car value except as scrap.
Brand new electric for under 10k?
Yes please
It will happen slowly, then all at once.
And what are you going to do when your 10K car is dead and gone in 5 years because lithium batteries are a joke?
ICE cars can keep working more than your effective lifetime
Either keep on rolling as the batteries are good for 10 years at least or … buy a brand new electric one for 5 k!
The point is there will be no used car market for ICE vehicles as new electric will be so cheap. Only rare and specialty ICE cars will hold some value for collectors and enthusiasts. General commuters and average vehicle owners will not be able to resist nor have any reason to resist the cheap brand new electric vehicles. Why buy a used ICE that needs constant servicing and petrol costs when a brand new electric is cheaper?
China has changed the story. It’s not about high end high cost electric vehicles. They are about to completely disrupt the entire car industry worldwide on a scale that the major car manufacturing nations are completely unprepared for.
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Battery costs are dropping fast. And used batteries will be common, and the newer ones will keep getting better. Apart from the fumes, I like the old cars a lot, but we can’t afford so many of them.
I don’t think that will be an issue. In the US, most batteries are warrantied for ten years/100,000 miles, which means they confidently go longer. I believe most batteries are also cell based, so failure isn’t 100%. Probably just a shorter battery life. Lots of people will be fine driving with a shorter range.
There are also used batteries and battery recycling. Plus in ten years there will be new technology, efficiencies in production, etc.
These vehicles will probably follow the same life cycle that most do. Being passed down from new owners to used, etc.
This is in fact the only coherent argument for why US electric vehicles all have such absurdly huge ranges - so that they still have decent ranges even when old.
EV battery recycling is already a thing. Hopefully the relevant authorities start putting out some standards for battery packs to keep them at least somewhat recyclable though, since that’s getting to be a problem given that every single auto manufacturer seems to be building custom packs for every car.