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Re: Electric vehicles
[Re: Beer Belly]
#4026290
11/27/23 02:11 PM
11/27/23 02:11 PM
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Joined: Mar 2003
Posts: 26,506
Helena
3toe
Talking Turkey
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Talking Turkey
Joined: Mar 2003
Posts: 26,506
Helena
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Here is how you make $$: You buy EV stock, then you give massive incentives to people to purchase them. https://www.panion.org/ev-incentives-2023-these-6-countries-promote-e-mobility-the-most/What do people do with a 10yr old EV with dead batteries? The car will be worth ~$5k New batteries will cost ~$20k Eventually they are going to charge you $$$ just to junk it. Unless someone finds a great way to recycle the batteries, without their entire factory burning down. Your car is paid off and you are $15k upside down. This has always been my stance. Being in the car insurance claims industry for 30 years, I know a little about the worth of vehicles. Who is going to buy a EV with 200K miles that needs a $15K battery or one that is at 30% left on it's life? No one. The EV used market will be worthless unless someone comes up with a way to create inexpensive EV replacement batteries. Until then the last thing I'd want to be holding is an EV with high mileage and a battery on it's last leg.
Last edited by 3toe; 11/27/23 02:12 PM.
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Re: Electric vehicles
[Re: 3toe]
#4026294
11/27/23 02:15 PM
11/27/23 02:15 PM
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Joined: Dec 2013
Posts: 22,743
Lickskillet, AL
Irishguy
a.k.a. Dingle Johnson
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a.k.a. Dingle Johnson
Joined: Dec 2013
Posts: 22,743
Lickskillet, AL
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Here is how you make $$: You buy EV stock, then you give massive incentives to people to purchase them. https://www.panion.org/ev-incentives-2023-these-6-countries-promote-e-mobility-the-most/What do people do with a 10yr old EV with dead batteries? The car will be worth ~$5k New batteries will cost ~$20k Eventually they are going to charge you $$$ just to junk it. Unless someone finds a great way to recycle the batteries, without their entire factory burning down. Your car is paid off and you are $15k upside down. This has always been my stance. Being in the car insurance claims industry for 30 years, I know a little about the worth of vehicles. Who is going to buy a EV with 200K miles that needs a $15K battery or one that is at 30% left on it's life? No one. The EV used market will be worthless unless someone comes up with a way to create inexpensive EV replacement batteries. Until then the last thing I'd want to be holding is an EV with high mileage and a battery on it's last leg. Have you seen the pictures of acres and acres of junk electric vehicles in China? No body wants them so people find vacant land, park the cars and walk away.
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Re: Electric vehicles
[Re: Geezer]
#4026562
11/27/23 07:50 PM
11/27/23 07:50 PM
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Joined: Apr 2000
Posts: 29,056
Fosters, Alabama, USA
Shaw
Administrator
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Administrator
Joined: Apr 2000
Posts: 29,056
Fosters, Alabama, USA
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I work in a plant that builds EV’s and I wouldn’t own the damn thing if they gave it to me.
"I hate rude behavior in a man. I won't tolerate it." Captain Woodrow F. Call
ShawBuilt Custom Bowstrings
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