Electric cars resale value

[chargerdon]

First...i will NEVER, NEVER get rid of my 74 408 Chally...   Never !!   

Second, one thing about EV's that really pisses me off is the tax credit.   Why should the lower/middle classes who cannot afford $50+ electric cars subsidize their purchase by the wealthy that can ??  What the ?  The poor subsidizing the rich??   Sigh??   

''ll never buy a new EV...   about the only one i could afford (retired living on a total of about $45 K per year between SS and a modest 401K yearly boost, and by the time that affordable 10 yr old EV comes along ill probably be dead, being 75 now.   But, my grandchildren will...by then competition and technology will have driven the price of a STANDARD EV down to about the same price as a new ICE today...  Its inevitable...  oh and i don't believe in Hydrogen Fuel Cell as being a viable alternative...i for one do not want to drive around in a car with a Bomb under me.   

[Mixup7071]

I talked to a friend who works at a Ford dealership he said on the EV mustang there getting a lot of complaints tires are wearing out at about 18000 miles, brakes and rotors are wearing out before that, he figures because the cars weigh so much more than gas cars, I asked him what the battery replacement cost was he said 24000 plus a 5000 core charge, but you should get the core charge back

[Flatdad]

As far as the topic of 'Electric Car Resale Value' around late 2020 I bought a small electric dirt bike. A Surron LBX for $3600 (pre inflation). They ended up exploding in popularity with people modifying them for speed, distance, etc.

As of now, I'm seeing used ones go for $3400. Resale value has remained strong.

As a guy who loves classic cars, classic bikes, dirt bikes, and motorsports... I begrudgingly admit my pint sized electric bike is the most fun of them all.

[YellowThumper]

EV's have a place. They are not for every place.
I drive a hybrid now because it is a viable and economical car for dd commuting.
My main issue is that they have a shelf life regardless of usage.
Case in point: my mother retired 20+ years ago. At the time, her car was 8 ish years old. She still has that car. With basic maintenance and her low miles driven. It is perfect for her needs.
EV she would be replacing it for the second time now.
She is not in financial position to replace it once, let alone twice thru these years.
3.5 years before they break even to the mfg requirements of internal combustion engine vehicles.
Land devastation for another issue as well. Accomplished via massive diesel earth movers.
Also.... China owns roughly 80% to 90% of the mineral mining rights  across the globe.

[Mixup7071]

I think about storms and no power for days, usually when you come home from work I still have plenty of gas, if power was out I can still drive somewhere else 100 miles or so away to get food or even more gas, an electric car when you get home and don't have much charge left your stuck

[MoparLeo]

Replacement bike batteries don't run 10-20K either.
Resale on EV cars are next to nothing  at battery replacement time.
Better park it outside too, especially when charging  in case the battery  catches fire.

[captcolour]

Heard that a California legislator is proposing being able to suck power back from electric vehicles plugged in to avoid brown-outs.  Wouldn't that be great to wake up in the morning to find your EV dead and can't get to work or an important doctor's visit.

[70_440-6Cuda]

I agree EV cars have their place.  My son is 14, just got a Super73 e-bike and he is having a blast and able to get himself to and from school and around the local neighborhoods on a charge, plus it is a blast to ride - it is fast and light.

My issue is we are not ready for a total conversion to EV - plus they are damn expensive.  Wife's lease is up, and it is a $15K premium for the EV version of the same model we are considering and that just isn't worth it to me considering gas is about $130 month for her.  It would take 10 years to break even not including the cost of charging.  For her especially, she does 99% in town driving, and puts about 6K miles a year on a car so charging is not an issue and the convenience of never going to a gas station again is appealing. I just can't justify the cost.

[Katfish]

Going to the gas station will be the issue,
My recent experience,

I was at Sams and needed gas, but the line was 20 cars in front of me.
I thought WTH, I'll get in line.
This Sams has 10 pumps, so it ended up taking 15 min to get gas.
On average each of the 20 cars ahead of me took 5min, and with 10 pumps, that was 10min, then another 5min for me to fill up.

Best case scenario, an EV charge would take 20min, most likely longer, so my 15min fill up is now 1hr!

And more likely 2hrs or longer, how many places will have 10 charging stations and people, will only take 20min each?

Definitely not ready for prime time, hydrogen is the solution.