No. of Recommendations: 3
like many nearly new EVs got it for a song being not-quite-new, at about $26,000 less than a truly brand new one. If you're thinking about getting a car, a 2-ish year old EV is probably a stunning bargain
Think one more step ahead.
The buyers of NEW EVs will eventually catch on that they will lose a ton of money in the first 1-2 years due to the massive depreciation. So soon virtually nobody will buy a NEW EV.
So there won't be any 2-year old EVs available.
For there to be 2 year old cars, somebody needs to buy new ones.
But nobody will, so there won't be any used ones in 2 years.
That's assuming there will be new ones available to buy. All the auto manufacturers have been writing off BILLIONS off their EV business.
Ponzi schemes always work out good for the first people in.
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Oh yeah ... retirement board. No daily commutes to work. That alone was 11,000 miles a year for me.
We drove only 5000 miles last year, looks like under 2500 miles this year what with flying instead of driving to visit the kids.
5000 miles at 25MPG is 200 gallons of gas. At $2.50 that's $500 for gas in the year. $600 at $3.00.gal.
An EV at 10 cents/mi is $500. At 5c/mi that would be $250.
Annual EV savings of $0 to $350 in a year.
In retirement you don't get an EV to save money on fuel. You get it for fun.
For fun is why we got a 2-seater BMW Z4 convertible. Don't care about it needing Premium gas or $500 tires.
