francovendee wrote: ↑8 Aug 2024, 8:44am
Maybe it's because people trust old tech more but the value of hybrid Toyota cars remain very high as opposed to something like a Zoe of the same mileage and distance.
I think it will take a few more years before buyers in the main immediately think of BEV when it's time to change their car.
When the range of any 6 yo BEV is the same as half a tank of fuel in an IC we'll all be buying them.
Yes I know most journeys are far less but it's the convenience of petrol/diesel.
It was this convenience that won the day over the steam car. People are lazy and don't want to be plugging a car in every 100 miles or so.
Fuel prices will have to double at least before the cost outweighs the advantage of their IC car.
I'm not convinced it is mostly the lack of convenience which is leaving buyers sceptical, especially in households with more than one car looking to replace the second car - it's quite possibly the cost and potential costs down the line. There's little more convenient for a daily use short to medium hop vehicle than one which is preheated/precooled and which "just works", is more comfortable, quieter, more accelerative and costs much less to run and service.
The second hand car market is several times larger than the new one and there are concerns once a car is over a certain age that the battery will cost many thousands to repair or replace, or that depreciation is so great that it cancels out savings in use. More experience of how the batteries behave as the miles and years pile on will make choices easier.
This hesistancy likely cascades up the market, so that reduced demand when BEV values drop towards and into four figures speeds up the depreciation, giving those selling less money towards a new car and prompting the question as to whether or not to buy another BEV.
When the electric car market was made of primarily of early adopters and eco-enthusiasts, the knowledge was present and so uncertainties much smaller, but with adoption by the mass market (in part using Covid money printing), volatility is more likely, as we're seeing.
But yes, I agree that once an older and cheaper BEV will easily cover 150 miles on a single charge and the batteries are seen to be sufficiently stable in their deterioration that the risk is no greater than an engine "blowing up", few will want a car with an engine.
Cowsham wrote: ↑8 Aug 2024, 10:59am
It's when they go to the petrol station and there's no petrol that'll be the shocker.
Given how people started stockpiling it in their garden sheds and even house roofspaces when previously in short supply, I'm not sure a Government would wish to replay that scenario, instead I'd expect the price to rise more than it has over the last decade.
Many contemporary cars with engines are so complex, expensive to maintain and not as long lasting compared with what went before, I don't think there will be many who hang on unnecessarily, especially when the cheaper BEVs we're promised hit the second hand markets outside of main dealers' forecourts.
For the consumer, there's not much not to like about battery powered cars compared with many petrol/diesel cars sold over the last few years.
vehicles.