New vehicles of any kind are the height of financial irresponsibility, and represent a horrifically bad “investment” in both the short term and the long term.
The age at which any vehicle flips into being a good investment - 10-20 years old (the global minimum of purchase cost + ongoing repair costs) - is the time frame in which EV batteries become exhausted and require complete replacement at many tens of thousands of dollars, completely negating the financial benefits of a used vehicle.
So unless electric vehicles come with batteries that have lifespans in the 30-50 year range, a purpose-built electric vehicle of any age just isn’t a responsible financial decision for anyone who isn’t looking to burn their money for a vanity purchase.
I would love to buy an electric vehicle, but
So unless electric vehicles come with batteries that have lifespans in the 30-50 year range, a purpose-built electric vehicle of any age just isn’t a responsible financial decision for anyone who isn’t looking to burn their money for a vanity purchase.
Used EVs can be quite cheap if what you want is a get-around-town car
Where did you get 10-20 years? I spend thousands on fuel for my jeep each year.
And maintenance is lower on an EV. They’re far more reliable
That being said, I plan to buy second hand too