The definitive EV thread. No spin. No BS., page-2923

Those smart enough to do their due diligence before spending large sums of money will already know this, but there are plenty of fools in society that will simply buy something because "it's trending".

https://www.gbnews.com/lifestyle/cars/electric-cars-lose-value-depreciation




Let's say somebody foolishly spends AUD$60k on a brand new EV.
What are the chances they've saved ~$13k on running costs in those first two years?
(The difference between the 70% and 49% residual value)

Probably zero.

Then factor in higher insurance costs.
Parts and service is more expensive due a lack of trained techs.
And NSW is on the verge of introduction new requirements before mechanics can work on EVs and hybrids - see previous post.
Which will ultimately add to the expense of servicing an EV.

It does not make any economic sense at all to purchase an EV.
If somebody is doing it to "save the planet", ROFL whilst China and India still haven't reached peak emissions, think again.

The EV frenzy appears to be over, and with that, lithium demand.