New cars are ludicrously expensive, especially EVs.
The most I can afford to spend on a car is maybe £14K, and that’s under the proviso that about £4K of that is my own money and the rest is a loan to be paid off over about 6 or 7 years.
So yeah, I’m going secondhand ICE with about 50K miles on the clock and praying it doesn’t die before the loan is paid off (and preferably longer still so I can save a bit more towards the next one).
I’m all for EVs, but they’ve got to bring the price down, and they’ve got to get the batteries to last long enough for the secondhand market to be viable.
I bought my 2yo BMW i3 EV in 2019 for £18k. Granted, they weren’t as popular back then, but cheaper second hand EVs do exist. You just can’t go for the big SUV types.
Just hit 60k miles with my only issue being a broken suspension mount. Damn potholes.
This is one of the things a deadline like this should help with. Manufacturers know they need to sell a certain percentage of EVs, going to 100% on a specific date. They can’t just build them, they have to sell them. If EVs are still too expensive, they won’t be able to sell them, and the manufacturer is out of luck
Battery prices per kWh dropped 87% from 2010 to 2020. It’s likely to be around the same over the next decade–there’s tons of money pouring into research, and we’re far from theoretical limits. This is not going to be a problem by 2030.
New cars are ludicrously expensive, especially EVs.
The most I can afford to spend on a car is maybe £14K, and that’s under the proviso that about £4K of that is my own money and the rest is a loan to be paid off over about 6 or 7 years.
So yeah, I’m going secondhand ICE with about 50K miles on the clock and praying it doesn’t die before the loan is paid off (and preferably longer still so I can save a bit more towards the next one).
I’m all for EVs, but they’ve got to bring the price down, and they’ve got to get the batteries to last long enough for the secondhand market to be viable.
I bought my 2yo BMW i3 EV in 2019 for £18k. Granted, they weren’t as popular back then, but cheaper second hand EVs do exist. You just can’t go for the big SUV types.
Just hit 60k miles with my only issue being a broken suspension mount. Damn potholes.
Murican potholes are the bane of BMWs everywhere (I speak from experience)
Except maybe the SUVs idk but sedans yeah I have an F30 and basically check alignment once or twice a year now lol
This is one of the things a deadline like this should help with. Manufacturers know they need to sell a certain percentage of EVs, going to 100% on a specific date. They can’t just build them, they have to sell them. If EVs are still too expensive, they won’t be able to sell them, and the manufacturer is out of luck
Battery prices per kWh dropped 87% from 2010 to 2020. It’s likely to be around the same over the next decade–there’s tons of money pouring into research, and we’re far from theoretical limits. This is not going to be a problem by 2030.
It probably doesn’t hold true for england, but I got a used bolt with 40k mi on it for $14k. Used EVs are out there.