Hybrids Vs PHEVs vs All Electric, page-1184

"Common sense and every entrepreneurial qualification in the land will tell you that good products are simple and sell themselves. evs are neither, by any stretch of the imagination.
Who in their right mind would buy a vehicle which consumes fuel sitting in a shed ffs"

Indeed.

I think the real issue is just how rapidly they lose value: I had no idea of the extent of it (certainly the mainstream media very seldom discuss it; one needs to actively look for sources that conduct first-principles research, such as automotive analysts, some who were already providing evidence as far back as six months ago of very high rates of EV depreciation):

Why Used EV Prices Are Falling - YouTube

The Fall of Electric Car Prices - YouTube




And that was 9 months ago, even before the oversupply situation we see today.


One of the biggest selling arguments that gets routinely trotted out for EVs is that they are cost effective to drive.

But it's no good saving a few thousand dollars a year on fuel when you lose multiples of that in capital value.

Evidently, the market is waking up to that economic reality:


.