Rivian CEO issues strong statement about people who purchase gas-powered cars: ‘Sort of like building a horse barn in 1910’::“I don’t think I would have believed it.”
Rivian CEO issues strong statement about people who purchase gas-powered cars: ‘Sort of like building a horse barn in 1910’::“I don’t think I would have believed it.”
$15,000 is still substantially more than a 10 year old Prius, though, which hover around $10,000 right now. If your budget is $10,000, you’re probably not getting an all-electric car.
I believe that from his comment (“what are you going to do with that in 10 years”), he was implying buying new cars. I see nothing odd in buying used ICE cars, but I wouldn’t dish out for a new one at this point.
Now if you buy a used car for 10k now, you’ll probably have a harder time getting value out of it in 10 years vs. EV.
I agree that an EV will probably age better, but, at least in the States, you can get a new ICE car a lot cheaper than a new EV, so there’s still a huge price hurdle. There are still a few ICE cars that are available new for as little as $18k. If you want to jump to a EV with comparable range, even used, you’re probably gonna have to spend more than that.
So, there are very real affordability considerations.
Edit: There was a time when you could get an early generation Bolt used for around $17k, but that’s still a hard pill for a lot of people to swallow, paying almost the same for a used, early generation car (many of which were recalled for fire issues) as you could pay for a new car.
Not only the cost, but there’s also the issue of infrastructure. I as well as many others in my city don’t have a garage and park either on the street or on a parking pad in the alley. I wouldn’t imagine a power cord running to a vehicle lasting very long because of the scrap prices of copper. We’ve got a long ways to go.