PLS 5.02% $2.93 pilbara minerals limited

Scams only work on stupid and gullible people, right?A typical...

  1. 2,443 Posts.
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    Scams only work on stupid and gullible people, right?

    A typical example of why EVs wil never become mainstream without the idiot-politician coercion.

    https://hotcopper.com.au/data/attachments/6266/6266247-e17805e5604a6f199c5aa9bda5a616bd.jpg


    $54k drive away.

    Two years later...
    https://hotcopper.com.au/data/attachments/6266/6266250-7d8c1ad9e1e5044750696129c740d508.jpg
    https://hotcopper.com.au/data/attachments/6266/6266251-b0700648b4d16f57437dfde540be9ab4.jpg

    Ouch!
    Almost a $20k drop (35.7%) in value in only 48 months.


    https://hotcopper.com.au/data/attachments/6266/6266260-6ee6c929e49fd86601c78d1a7ed62443.jpg
    https://www.qld.gov.au/transport/projects/electricvehicles/hitting-the-road


    Great!
    Save <$1k on fuel over two years, but cop a $20k depreciation bill.

    Let's be generous here, as the above example did more than the average of 12,100km per year.
    Let's say they saved $2k in fuel.

    $18k worse off making themselves feel good about saving the planet.... meanwhile China won't reach peak emissions for another 6 years.

    And after ~10 years most of these now-useless EV becomes toxic landfill.

    So far, the EV scam is working and reaching the intended audience.


 
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