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In Reply to: RE: CNNtech: Why gas-powered cars aren't going away posted by AbeCollins on July 09, 2017 at 07:11:31
As I suspect. Gas motors are just too good these days; makers have worked the power, economy, and anti-pollution designs to great performance standards in the US. And electric is just too new with big shortcomings to instantly push gasoline power out of contention.
That said, a friend stated awhile back that we should drive our current gasoline-engine cars into the ground because we aren't going to get anything on resale of them. He was joking, but maybe a hybrid should be considered as a contender for the next car.
That is a complete laugh. Most internal combustion engined cars that get decent mileage are holding value very well these days.
As far as electric cars?
Google around on a Fiat 500e (an electric vehicle). 2014 models were $30k plus. Those cars are currently selling at auction for about $5k. Yep - lost about 83% of their value in THREE YEARS!
On the other hand, even current generation 'retro look' muscle cars should have pretty good resale a few years out. I'm thinking Mustang, Camaro, Corvette, Charger, Viper, etc. Fiat? ;-)
I'm just waiting to see what the first big bunch of Teslas do when they are out of warranty & the battery packs aren't holding a charge quite like they did when new...
"That said, a friend stated awhile back that we should drive our current gasoline-engine cars into the ground because we aren't going to get anything on resale of them. He was joking, but maybe a hybrid should be considered as a contender for the next car."
You might be right about Hybrids depending on your needs.
I think there's severe downward price pressure on used pure EV's because of the significant improvements in range in the newer models. Who wants last year's EV if this year's model has significantly better range? The huge depreciation on EV's will also drive up the cost of a lease. A used EV might be a good buy. A new one is probably the worse in terms of depreciation.
Hybrids may be another story. The yearly improvements are there but more incremental so older models may hold their value a bit better. I haven't really looked at used Hybrid pricing so I'm just guessing.
But from a purely financial standpoint I think it's hard to justify the premium for a Hybrid or EV given today's gas prices. On the other hand, if one is allowed to use the HOV lane on long daily commutes in an EV, that alone might make it worthwhile.
I have friends in CA who were early adopters of Hybrids initially and then pure electric EV cars. They spent several hours a day commuting to and from work on congested freeways. The Hybrid (early on) and later with EV's allowed them to use the HOV lane.
Life of battery performance.
In cold places it's not long for gas car batteries. I can't see it being LONG for lithium batteries, either.
Skeptical Measurer & Audio Scrounger
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