There's no predicting the future, but as early adopters have bought their EV by now, demand has steadily dropped causing GM and Ford to shut down EV factories for the remainder of the model year and Tesla has laid off 10% of its work force partly because they switched focus from the new model 2, $25k EV to the Cyber Truck and the most common name of those with an order for the truck is "Cancel". The Austin, Texas plant has been hit with huge layoffs.
How the OP can use this info is to predict that EV prices will continue to erode. Elon is famous for just coming out with price drops and that likely will continue. Because of this, look at what the residual value of an EV will be, choose the proper miles per year and consider leasing because if this price erosion continues, this will go the way of Cadillac leases in the 80's where they strongly proposed that their cars would hold their value as well as a Mercedes and provided low cost leases with wildly high residuals. At the end of the leases, residuals were double what the value actually was. I'd take advantage of this to get the low lease cost with the ability to jettison the over-valued-residual car at the end of the lease.
How the OP can use this info is to predict that EV prices will continue to erode. Elon is famous for just coming out with price drops and that likely will continue. Because of this, look at what the residual value of an EV will be, choose the proper miles per year and consider leasing because if this price erosion continues, this will go the way of Cadillac leases in the 80's where they strongly proposed that their cars would hold their value as well as a Mercedes and provided low cost leases with wildly high residuals. At the end of the leases, residuals were double what the value actually was. I'd take advantage of this to get the low lease cost with the ability to jettison the over-valued-residual car at the end of the lease.
Statistics: Posted by Jack FFR1846 — Mon Apr 22, 2024 6:11 am — Replies 30 — Views 1631
