Re:Toyota has stepped up lobbying to preserve its investment...
by asdff on Wednesday July 28, 2021 @03:28PM
(#27988553)
I think the elephant in the room is always going to be people who can't afford new cars and have to contend with used cars. 25% of cars on the road today are at least 16 years old (1), and the trend is the average car continues to get older. A working class person might buy a car for $2000, then junk it once it has some catastrophic repair bill they can't afford, and buy another $2000 car afterwards that might be slightly newer and cheaper than the repair on the first one. What will a $2000 used EV look like? Will it have a decent range? Will it need an expensive battery replacement? Will it even be competitive with a $2000 gasoline car? These are all open questions, but I think they will have to be answered sooner than later if we are to realistically imagine a future without gas cars. It's just not going to come by everyone in America buying or leasing one new from a dealership, even with the government subsidies in place it only knocks EV prices down to brand new entry level gasoline car price, nowhere close to used car prices.
1. https://www.cnbc.com/2020/07/28/25percent-of-cars-in-us-are-...
We have a Tesla Model 3 now with about 50,000 miles on it, we've only seen about a 2-3% decrease in range so far, if even that. The only maintenance so far has been refilling the washer fluid and we've replaced the tires once. I see no reason why it won't easily go to 150,000+ miles. The difference with the hybrids we have had is night and day, it's not even close. Toyota does not have a winning hand to play here and they know it. They bet on the wrong tech and they are tied down by a dealer network that is dependent on maintenance costs to support them.