Used EVs are the 3% mortgages of 2020
A family member just paid $30k for a jeep. I paid $35k for an EV9 - which feels very expensive.
However, over the next decade my car should cost significantly less than hers.
My prediction: EVs will become far more common but more expensive as demand, inflation, supply chain issues all increase. I genuinely believe in 5 years people will wonder why everyone didn’t buy a used EV in 2026. It will be just like mortgages in 2020 - why didn’t everyone refinance? Because the timing wasn’t right, they wanted to see if they got cheaper, there’s no way they’ll go up etc.
It will be very similar for EVs, the excuses from today will seem quaint when a small, basic EV is $50k new.