Even after one year, the second hand value of Electric Cars is collapsing with some models down 40-50 per cent. This is a calamity and yet people are still stampeding into the EV market. It won’t end well.
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Isn’t this situation exactly what car manufacturers want ? This will probably create a poor residual market for cars outside of their lease term/warrant term prompting even more people to avoid owning a car and instead renting a car via long term leases. Car manufacturers, finance companies, govt tax win.
Also, the environmental impact of EV cars’ batteries & magnets are terrible. DO we have enough electricity generating capacity to power all vehicles being electric in the future – Absolutely not possible !