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'Tall order to ask the average Canadian': EVs are twice as hard to sell today
(financialpost.com)
this post was submitted on 11 Apr 2024
51 points (88.1% liked)
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Truly “poor people” (to use your words) typically don’t buy a lot of new cars in the first place. People on the lower end of the income scale are the main drivers of the used vehicle market.
Incentivizing EV purchases and infrastructure ultimately helps everyone. It will bring efficiencies to the supply chain, and will drive investment into resources that should help drive prices down. At the same time, within the next 5 years or so you should see growth in the used EV market, which as more stock becomes available and used EVs become more normalized should make them more economical to purchase (as they’re already more economical to run and maintain).
More new EVs now means more used EVs down the road, which will allow people to get into a better car for less money.
Isn’t there a big issue regarding the permanent wearing down of batteries though? Not sure anyone would want to buy a 10 y/o EV with a worn-to-hell battery that has a greatly diminished max range. And last I heard, new batteries are thousands of dollars, but maybe that’s changed?
Batteries can be fixed, they're made of cells and they don't all die at once. You don't have to replace the whole battery and there's already shops who will refurb them. Hoovie on YouTube got hia Tesla S battery fixed for 2500 bucks.
Edit: Also, there's secondary uses for cells. You can use EV battery cells in all kinds of applications from grid storage to RC cars. Again, there's companies repurposing them already. You can buy second hand cells from a bunch of places.
I didnt know that, that’s pretty cool! Based on what you and everyone else have been saying, it’s not nearly as bad as I thought :)