.All of this begs the question:
What is the market for used Full Electrics
and Hybrids in 2023?
IMO the market is under-supplied and
manufacturers such as Toyota are capitalising
on that be offering short term Operating Leases
with guaranteed buy back pricing.
For example, there are 1 year old Corolla hatch
Hybrids being offered for sale at $34,000;
just about the same price as a similarly equipped
new ICE model. And they are being snapped-up
like hotcakes because there's up to 12 months
waiting list on ex-factory new models.
Companies, unlike individuals, are rationalists
and they quickly 'bottom line" the overall cost of ownership
weather that be in cents/Klm or $s P/A.
Fleet and Government sales makes up over half of all
new vehicle sales and IMO, this is why hybrids and full EVs
are rapidly gaining market traction in Aus.
The transition to EVs will be interesting over the next 20 years
IMO and the question is: how sensible is it for the average
Aussie to buy a new "Fuel Guzzler" now given that
the rate of depreciation may very well be twice that
of now over the next 5 years?
"Roughly speaking, Australians buy 1 million new vehicles a year, with a total stock of 20 million. If the share of traditional vehicle sales falls from 50% to zero between 2030 and 2038, that leaves about 2 million traditional vehicles, or 10% of the total fleet, remaining on the road by 2050 (with the rest being electric vehicles)" (source: The Conversation)
