EV purchase: Is it better to wait?
Greetings.
I am in the market for a new (or semi-used) car, and have been thinking an awful lot about getting an EV.
A friend of mine who would consider himself a "car guy," recently told me that he would recommend waiting until sometime after 2027 (or even later) before purchasing an EV.
His main reasoning was:
New battery and charging technology is coming, specifically sodium-ion, and solid state batteries. Additionally, he said, these new technologies will give EVs even more range, possibly in the 500-700 mile on a single charge.
I honestly didn't know enough about the subject to say much other than, "Oh, that's interesting."
He also mentioned that internal combustion/gas engines (and even hybrids to a lesser extent) have been holding their value much more significantly than EVs right now. He suggested that going that route right now for my purchase, would make more sense financially, at least until the new EV battery tech is here and has a few years to work all the kinks out.
Does he have a point? I'd love to hear some thoughts on this. Thank you all very much!
EDIT: Appreciate all the insight. One issue I am having is the fact that my insurance is likely to go up $200-$300/month if I purchase even a 2024 EV, like the Ioniq 6. My insurance now is quite cheap since my current car is 20 years old and I rarely drive it.