At some point EVs will be cheaper on the sticker price and cheaper to run. The US car industry is desperately trying to prevent this, but it looks like China is crossing that point.
(I would be very interested in sticker price / fuel price / subsidy / tax accounting EV vs ICE breakdowns from inside China)
That's extremely cute. The Euro version is as low as E13,000: https://nikrob.lt/ ; let's not forget that depreciation will make secondhand versions even cheaper.
At some point EVs will be cheaper on the sticker price and cheaper to run. The US car industry is desperately trying to prevent this, but it looks like China is crossing that point.
(I would be very interested in sticker price / fuel price / subsidy / tax accounting EV vs ICE breakdowns from inside China)
I think they're already cheaper in China, especially on the low-end where (as per Vimes' Boots) sticker price matters more than TCO.
China's got this, for example: https://en.wikipedia.org/wiki/Wuling_Hongguang_Mini_EV
That's extremely cute. The Euro version is as low as E13,000: https://nikrob.lt/ ; let's not forget that depreciation will make secondhand versions even cheaper.
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New EV prices are still falling for entry-level models. This is not the Ferrari, of course.
In a few years new EVs prices will be below equivalent ICE vehicles. Total cost of ownership already often is.
Second-hand EVs already are a bargain. EV owners complain about poor resale prices, but that's good for the buyer.