The Collapse of the EV SPACs: Another One Goes Bankrupt, Others on the Verge

Re:The Collapse of the EV SPACs: Another One Goes Bankrupt, ... by mschild on Wednesday August 09, 2023 @11:20AM (#37064055)

Prices are absolutely changing and the used car market for EVs is ramping up.

Family member was looking for an electric car, but found new ones still a bit too expensive. There have been discounts from manufacturers. They decided to go for used. Bought a VW ID.3 for 23k Euro with 16000km. That's a car from 2 years ago. No crashes, battery still at 97% capacity.

[ Parent | on HN ]

Re:The Collapse of the EV SPACs: Another One Goes Bankrupt, ... by saiya-jin on Thursday August 10, 2023 @04:35AM (#37073534)

Yeah, that's type of car I am willing to spend max 6-7k used, in OK condition. Of course it won't be 2 years old, thats fine. That's the prices I am talking about.

[ Parent | on HN ]

Re:The Collapse of the EV SPACs: Another One Goes Bankrupt, ... by mschild on Thursday August 10, 2023 @03:05PM (#37080376)

That's fair and I'm not suggesting it's perfect. Even used EVs are expensive but it no surprise given the initial cost. Originally, that car sold for around 40k. That's a ~50% drop in 2 years and that car wasn't an outlier. Stands to reason that with advancing age and ever cheaper EVs we will see cheap used ones in your price range in a few years.

[ Parent | on HN ]