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this post was submitted on 29 Aug 2023
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That's true but you have to consider how much of the car market is made up of used cars. When I was last shopping for cars (4 years ago) there were hardly any EVs in my budget and the ones that were, were 10 year old Priuses. Most people frankly don't have the income to buy anything more than a gas car. (Market for EVs may have changed since my experience). The way I see it is the CEO is making a good point while also shitting on poor people.
The first response from Google shows me several late model used Nissan Leafs for around $15k. Those didn’t have much range but plenty for most people’s day to day
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.
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.