As the car industry’s largest hybrid pusher, Toyota says it is better positioned to just buy credits to close the EPA gap rather than “waste” money on BEVs, its CEO said.
The tech for affordable replacement batteries isn’t there and most used cars sold here are 10 years old at least.
If you’re buying a used car for 5000 and you know that at some point you need to cough up 10k to replace the battery you aren’t buying an EV.
I sold my car after I moved to the city since I can get everywhere by tram but take my dad for example: He bought a used van about 15 years ago and he isn’t going to replace it any time soon. If an EV can’t last 20 years without a 10k investment in the middle it just won’t be an attractive option. There are still cars from the 70s on the streets here and unless batteries become affordable that isn’t changing.
It would need to drop to 1/10 of the current price for a used EV market to be viable and about 1/20 for it to be a more attractive option over an old ICE car.
The tech for affordable replacement batteries isn’t there and most used cars sold here are 10 years old at least.
If you’re buying a used car for 5000 and you know that at some point you need to cough up 10k to replace the battery you aren’t buying an EV.
I sold my car after I moved to the city since I can get everywhere by tram but take my dad for example: He bought a used van about 15 years ago and he isn’t going to replace it any time soon. If an EV can’t last 20 years without a 10k investment in the middle it just won’t be an attractive option. There are still cars from the 70s on the streets here and unless batteries become affordable that isn’t changing.
bruh in 10 years batteries are going to be significantly cheaper. probably less than half of what you’re banging on about.
It would need to drop to 1/10 of the current price for a used EV market to be viable and about 1/20 for it to be a more attractive option over an old ICE car.