December 23rd, 2022 at 4:19 AM
EVs are still more expensive than their ICE counterparts, but their prices have dropped significantly over the past couple of years. Tesla still starts their cheapest models at about $47K, but there are other manufacturers (including Nissan and GM) that are pricing new EVs below $30,000. This is still very pricey, but in the USA, the federal government recently approved $7,500 tax credits for EVs, working out effectively to a 7.5K discount. This puts many EVs in the 20K range, and puts some Tesla models under 40K.
These are still far too expensive for someone like me to afford, but I'm surprised to see them drop in price this rapidly. They will still take years to flood the used market, but for new car buyers, they are starting enter price ranges that are roughly comparable to their ICE counterparts.
Electric vehicles might be mainstream much sooner than we thought. I wouldn't be surprised if it's only 5-7 years before more EVs are sold new than ICE vehicles are, and I'd give it another 10 years or so before the used market begins to catch up.
Would you consider buying an EV (new or used) if the price was right? Why or why not?
These are still far too expensive for someone like me to afford, but I'm surprised to see them drop in price this rapidly. They will still take years to flood the used market, but for new car buyers, they are starting enter price ranges that are roughly comparable to their ICE counterparts.
Electric vehicles might be mainstream much sooner than we thought. I wouldn't be surprised if it's only 5-7 years before more EVs are sold new than ICE vehicles are, and I'd give it another 10 years or so before the used market begins to catch up.
Would you consider buying an EV (new or used) if the price was right? Why or why not?
