Very interesting. In Canada, it will take years to recoup the price difference for buying an electric car even with government incentives. 25% VAT + Extra tax seems to work.
I bought a used sub-$20k electrical car a few months ago; it can be done. The market needs pressure to create cars in that price range; right now EVs are mostly luxury cars. Tesla is not the car we should be aiming for; what we need are things in the class of the E-Golf, Kia Niro, FFE, Fiat 500E etc. that are the size of a Corolla and cost 20k CAD or less.
Until that's common on the market, the value proposition is flawed and nobody is buying an electric car to save money except for people who buy used cars that someone else has eaten the depreciation on (like me), or people who drive a LOT. Everyone else is basically buying these things as luxury items, and the cost doesn't matter, especially when you can get near-0% financing over 5+ years.....
Currently C8s are appreciating their first year, which is really weird.
The Model S is really chonky at almost 5000 lbs, which is the same as a 4Runner.
“I believe the best social program is a job.” — Ronald Reagan
It's bigger picture thinking, warmer summers, snowier winters, and turning major metropolitan areas back in coral reefs. Sadly, SF is too hilly for most of it to drown. Freedom is a full tank.
Yeah, not sure about that. Currently, used Model 3 LR AWD from 2019 with around 10k-20k mileage go for just a few grand cheaper than what I bought it for (new) in 2019[0].
0. https://www.cargurus.com/Cars/l-Used-2019-Tesla-Model-3-Long...
I used the historical data for the Model S. Will definitely check out the 3.
Why is that weird? That seems typical for new, extremely popular cars where supply isn’t meeting demand. It happened years ago with the PT Cruiser, and when Mini (re-)entered the US market. It’s happened with Teslas too. Right now it’s happening with the C8 Corvette and Ford Bronco, which are both really tough to find on dealer lots. In 5 or 10 years, they’ll have depreciated like more typical used cars. The tough part is guessing when supply will become sufficient (and values will drop).
Maybe compare the Model S to an M5 or E63?
As it is the EV subsidies are really just helping homeowners buy luxury cars which seems a little backwards
The goal was to drive scale so that the price would drop, this has been successful. In the US the federal subsidy phases out after 500K. Tesla and GM have both passed that and have models that are less than the US average for a new car of $40K.
Many non-tree hugger analysts project that upfront EV costs will be equal to ICE by the middle of the decade.
Out of curiosity, what make and model? I'm trying to find an EV and like everyone is saying, it's all luxury vehicles.
This is why I think it was a mistake not to use plugin hybrids as a stepping stone to full EV's. They might be marginally more complex but you could make five times as many cars with the same battery capacity.
If this is a business-side incentive versus a consumer-side incentive, I personally would much rather they just give them the money directly based on sales and avoid the dishonesty of making folk feel like, even after "savings", EVs are expensive.
https://www.canada.ca/en/department-finance/programs/consult...