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.
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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