Plunging Car Sales, page-10

Coincidentally, I have been thinking along these lines myself.

As an automotive/technology/renewables enthusiast, I was trying to work out a while ago what to do with my cars.

As an owner of some old classics I have been wondering how long petrol will be available. I have also been wondering whether they will hold their value or whether they will become worthless. I have made the decision to keep most of them however I have written off their monetary value in my mind already.

I am of the firm opinion that when evs match ICE cars on price directly, estimated to between 2021 and 2025, ICE cars will become worthless overnight. After all, why would you buy an ICE car that is more expensive to own when an ev can do the job perfectly ? It will become a pure finacial decision as opposed to an ethical one as it is now.

I was also thinking about my daily drivers. About a year ago I thought that it would be probably be the best part of a decade before an ev would be practical for me. I drive a late model Ford Ranger 4wd mostly. It is an incredibly practical vehicle for me. Drives like a car, good on fuel, quiet and yet it tows a few tons and gets me into the bush occasionally. A great thing as are most of the new 4wd utes.
Because the ute isn't very old I can't really see the point in updating it hence I thought I could keep it for for up to 10 years. I am fortunate that I can afford to buy a new one tommorrow if I chose to but except for some very minor upgrades, I just don't see the point.

Anyway, I have changed my view recently. And the main reason for that is the new Rivian. While these vehicles are a year away from the market, they demonstrate how far these vehicles have come already. Considering that all the manufacturers are developing evs and that suvs are a very big part of the market, it won't be long before there is a wide range to choose from in this segment. Ford is developing an electric F150 as is Chevrolet with their C1500. Tesla has a ute on the go and I'm sure VW will have one ready soon as well. Given that the electric vehicle skateboard platform is already well developed for all types, it won't be long before suv versions will be available.
The pricing of the Rivian is one of the biggest surprises. It will probably end up being $100-$150k here initially but that should mean smaller versions will be relatively competitive in the sub $100k space.

Subsequently I have revised my prediction that I will be buying one inside 5 years.

https://insideevs.com/ford-f-150-pickup-truck-electric-rivian-r1t/