Used-EV prices are crashing as buyers shift back towards hybrid vehicles

[rangerrebew]

Used-EV prices are crashing as buyers shift back towards hybrid vehicles
Story by fdemott@insider.com (Filip De Mott) • 23h


Used EVs now cost less than their gas counterparts, with the gap ballooning since February.

Only 18% of consumers said they're likely to buy an EV, a multi-year low.

The demand pullback has "wreaked havoc" on production, a new report said.

Consumers are pumping the brakes on electric-vehicle demand as technological limitations erase the premium buyers used to be willing to pay.

 
For the first time, used EVs are less expensive than their traditional gas counterparts. Not only are prices lower, they're also plummeting at a much steeper clip, a recent report from iSeeCars said.

https://www.msn.com/en-us/autos/news/used-ev-prices-are-crashing-as-buyers-shift-back-towards-hybrid-vehicles/ar-BB1oJfj5?ocid=msedgdhp&pc=HCTS&cvid=483844b506d14fc5931f7185f1e67569&ei=44

[catfish1957]

Pick your survey number...  50%, 40%,  46%.

When you have this many consumers not happy with their EV, expect the product to die.  Don't forget this "i/2" will be telling their friends and family too.





[url=https://electrek.co/2023/10/17/half-of-ev-owners-will-go-back-to-an-ice-vehicle-not-counting-you-tesla-drivers-study/]

[url=https://www.teslarati.com/mckinsey-survey-46-percent-us-ev-owners-switch-back-ice/]https://www.teslarati.com/mckinsey-survey-46-percent-us-ev-owners-switch-back-ice/

[SZonian]

"If consumers don't lead an industry embrace, US emissions regulation will ensure continued production, just at a tempered pace..."
And there you have it, the gov't will ensure their survival and force us into these abominations.

[catfish1957]

"If consumers don't lead an industry embrace, US emissions regulation will ensure continued production, just at a tempered pace..."
And there you have it, the gov't will ensure their survival and force us into these abominations.

I also think there is a chance, that there will be a growing market for used vehicles (like Cuba) if our rogue government continues to force this crap down our throats.

Conservative  Americans as a whole, act in reciprocation when Uncle Fedzilla exercises his will. I beleive EV's will become more main stream, as the supply of oil dwindles, and the technological kinks are worked out.  Till, then EV's are an option with significant risk in safety, economic issues, and geopolitical damage.   

[Gefn]

I had a neighbor who moved away about a year ago. She was looking to buy a car and decided to rent a Tesla for a weekend to see if she would buy one. (Which I actually  think was a good idea. than taking a test drive)

She liked it to go around town but when she and her son decided to go to another state to take a day trip of about 150 miles or so away, she did not like the car. She did not like it took a long time (I believe she said 45 minutes) to charge the car. And a few other things - so she told me a few weeks later the car was just not practical and she was looking at Hyundais, Kias, Honda and Subaru instead. Can't recall what she ended up purchasing.