To answer your question, the purchasing power people’s old car isn’t destroyed, it is bought by the people with older cars updating. The more ev’s bought, the more supply in the 2nd hand market and cheaper 2nd hand cars to move further away from older polluting cars. This is one time where trickle down works.
That makes sense. Though I would like to see stats on number of cars going into the used car because of EV purchases. Judging on conversations with work colleagues, there’s still a lot of people keeping their old cars around because of “autonomy fear” - in other words, people convincing themselves they need a 400Km autonomy for that one time a year they might use their car on a vacation. Which is stupid, IMO, as they’d benefit more from selling their cars and renting on the rare occasion they need to do a really long distance, but it’s apparently fairly common. Though I’m sure that will change once people realize they are mostly not touching their old cars.
To answer your question, the purchasing power people’s old car isn’t destroyed, it is bought by the people with older cars updating. The more ev’s bought, the more supply in the 2nd hand market and cheaper 2nd hand cars to move further away from older polluting cars. This is one time where trickle down works.
That makes sense. Though I would like to see stats on number of cars going into the used car because of EV purchases. Judging on conversations with work colleagues, there’s still a lot of people keeping their old cars around because of “autonomy fear” - in other words, people convincing themselves they need a 400Km autonomy for that one time a year they might use their car on a vacation. Which is stupid, IMO, as they’d benefit more from selling their cars and renting on the rare occasion they need to do a really long distance, but it’s apparently fairly common. Though I’m sure that will change once people realize they are mostly not touching their old cars.
That’s true, I see people around me keeping cars when there is no need. There sure is a lot of uncertainty atm though.