Why electric vehicles are a bad investment
Amid tougher emissions regulations worldwide, established automakers are racing to add more electric vehicles to their lineup.
www.washingtontimes.com
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Why electric vehicles are a bad investment
- Thread starter h2ofun
- Start date
www.washingtontimes.com
Merrill
Merrill
I did not buy EV’s as an investment, it is not my motivation.
ZenRockGarden
Active Member
My Tesla is the only car I've ever owned in 30 years which appreciated as I drove it home.
Let’s be clear... the Washington Times isn’t even the normal version of an utter BS, far-right wing whacky bird source ... It’s the extra simple-minded version of it and is squarely in the pocket of oil industry and climate change deniers.
And that article is their usual pile of gibbering. Like this: "Bringing those foreign-built cars to America may be an insurmountable insurance problem."
And that article is their usual pile of gibbering. Like this: "Bringing those foreign-built cars to America may be an insurmountable insurance problem."
roblab
Active Member
Yep. The more I drive it the more it's worth to me.
I don't understand why this person thinks EVs appreciate. ALL cars depreciate with time. A gas car will depreciate faster without maintenance, while the EV hardly ever needs maintenance. But even the EV will wear out slowly. The battery is expected to last at least eight years, which to me means a lot longer, but we'll see. And a battery swap should be similar to installing an engine. I wish people would get over it. Electrics are quieter, less polluting, and quicker than gas cars in general, but they'll still wear out, maybe in fifty years. (That was to get a reaction, though)
I don't understand why this person thinks EVs appreciate. ALL cars depreciate with time. A gas car will depreciate faster without maintenance, while the EV hardly ever needs maintenance. But even the EV will wear out slowly. The battery is expected to last at least eight years, which to me means a lot longer, but we'll see. And a battery swap should be similar to installing an engine. I wish people would get over it. Electrics are quieter, less polluting, and quicker than gas cars in general, but they'll still wear out, maybe in fifty years. (That was to get a reaction, though)
Dude, downvote me all you want if you actually think that story makes sense. In fact, bring it for this post too cause its you’re last chance... dont need to read any more on this thread.
but I gotta say....that may literally be the dumbest article ever written about EVs and there have been some doozies over the years.
but I gotta say....that may literally be the dumbest article ever written about EVs and there have been some doozies over the years.
ucmndd
Well-Known Member
Where are all of these mythical overseas EVs coming from causing an insurance crisis? The whole premise of the article is rather absurd.
Almost all EVs currently sold in the US are built here. Ford, Hyundai, Toyota, Volkswagen, GM, and Stellantis have all announced plans for massive North American battery plants and production lines.
We are at nearly zero risk from any near term influx of Chinese vehicles given the 25% tariff imposed on them.
Other claims in this article like substantial numbers of EV owners “going back to gas cars” seem to be hyperbolic and completely unsubstantiated.
Yawn. There are lots of challenges for EVs ahead but this article misses nearly all of them and instead focuses on predictable alt-right hand waving about “coastal elites” and evaporating demand because gosh darn it the real Americans have gas in their veins and love their trucks yee haw.
Color me unimpressed.
Almost all EVs currently sold in the US are built here. Ford, Hyundai, Toyota, Volkswagen, GM, and Stellantis have all announced plans for massive North American battery plants and production lines.
We are at nearly zero risk from any near term influx of Chinese vehicles given the 25% tariff imposed on them.
Other claims in this article like substantial numbers of EV owners “going back to gas cars” seem to be hyperbolic and completely unsubstantiated.
Yawn. There are lots of challenges for EVs ahead but this article misses nearly all of them and instead focuses on predictable alt-right hand waving about “coastal elites” and evaporating demand because gosh darn it the real Americans have gas in their veins and love their trucks yee haw.
Color me unimpressed.
nwdiver
Well-Known Member
Why electric vehicles are a bad investment
Amid tougher emissions regulations worldwide, established automakers are racing to add more electric vehicles to their lineup.
??? Is there any car purchased for the purpose of being driven regularly that IS a 'good investment'???
I look forward to the expose on what a terrible investment laptops, couches and mattresses are.
.... although... I DID buy a used Model 3 a year ago for $37,500 that I could probably sell today for ~$50k despite putting an additional 30k miles on it
Cars are rarely investments but I bought a MY a year ago for 50k plus tax and now worth ~8k more. Prices will come down as factories and supply chains are built out just like all other new technologies. In the mean time I’m not paying high gas prices, am driving a safer car, and having more fun.
Tam
Well-Known Member
The author keeps repeating the excuses from the old days:
"U.S. demand and manufacturing aren't there, while foreign supply is ramping up."
That's why GM killed its very own EV1 and now is playing catch up.
Those who don't use those excuses are getting great returns like Tesla.
And now Ford wants to separate its EV division from ICE too. Because EV is a great investment.
Seems to me many who buy an EV are just in a cult. They make no sense for most. I love when folks say but my EV went up in price. Well, ALL cars went up in price including ICE. EV's clean, no way, look at the strip mining to get materials for the batteries. Shall be interesting to watch the price increases for new EV compared to ICE cars are the cost for batteries goes nuts.
And folks love to ignore the cost of batteries at what like 8 to 10 years. I am still driving my car thats 32 years old, original engine.
And folks love to ignore the cost of batteries at what like 8 to 10 years. I am still driving my car thats 32 years old, original engine.
Its even more interesting to watch the price increases for gas... and will rise even more as supplies trail of and EVs take over, which literally has to happen, given oil is finite, but energy isn’t.
Battery supplies will stabilize as the supply of batteries hits the required mount and recycling becomes the main source for the materials. And the material science is improving all the time, reducing the need for the scarcer elements involved.
why are you on an EV forum if you hate EVs? Just so you can post imaginary stories about them?
Just a rhetorical question, putting you on ignore now.
ucmndd
Well-Known Member
This is all just a bunch of hand waving generalities to reinforce a bias and parrot a narrative, which is exactly what you seem to be irritated about from the “cult” on the other side of your argument.
“They make no sense for most” is an absurd statement of opinion with no substantiation.
The “clean” argument is settled science - EVs are cleaner over their lifecycle than ICE cars even in areas with the dirtiest power grids. The “strip mined” materials, once out of the earth, are almost infinitely recyclable.
Battery costs are rapidly going down, not up.
You need to stick to the Powerwall forum.
nwdiver
Well-Known Member
So what would you recommend for transportation that can use the energy my roof produces? That reduces the burning of oil and the funding of murderous autocrats?
I would not recommend anything. Let the market decide. How many poor folks do you see driving a brand new EV?
When you have like 54% of folks not paying any federal taxes, well, socialism will fail at some point.
nwdiver
Well-Known Member
.... seems like the market has decided on EVs since it's literally the only option available that can do what I described.
How many 'poor folks' do you see driving ANY newer car? Used EVs have to come from somewhere.... everyday there are more affordable used EVs available. If the option is $50k new car vs $50k new car doesn't the $50k EV make more sense over the $50k ICE? At least with the EV the 3rd 'poor folk' owner won't be burdened with paying $6 per gallon for fools fuel....
So.... 'poor folks' using a car that doesn't need expensive fools fuel won't help them but taxing them would???
True but all kinds of car "enthusiasts" existed before EV.
No worse than the batteries in your PW's that have even more expensive batteries.
Wow ... what car do you have and how many miles? Very few cars last that long.
electricar
Member
I love how socialism is now part of the discussion - might as well talk about who uses which bathroom , Covid vaccinations, and the rest of the unified theory of how the good old days were so much better.
nwdiver
Well-Known Member
It's ALWAYS part of that discussion. Peel back any anti-EV argument ~half a layer and you'll find an infestation of libertardian dogma (speaking of cults).
ucmndd
Well-Known Member
The market is a terrible and ineffective control for tragedy of the commons issues such as pollution, climate change, etc. IMO this is precisely the function of effective government - incentivizing markets to act responsibly, ethically, and in a way that does not permanently damage habitat/society.
How many "poor folks" do you see driving a brand new anything? The average transaction price for a new car in the US is rapidly approaching $50k. Irrelevant to the discussion.
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