The Electric Vehicle (EV) has always been a Climate Pootemkin Villiage. The mirage of climate activism incarnate. Unaffordable but to a few who expect those beneath them to follow their example. A class that forced car makers to build them and taxpayers to subsidize something with significant manufacturing downsides to the planet.
New EVs are none of the things promised, were pushed too hard, too soon, and the glut of used single-owner and fleet vehicles are chickens coming home to roost.
Used EVs are likely one of the riskiest transportation investments you can make. Depleted battery life and the threat of having to replace the power pack are cost-prohibitive to the buyer and the dealer, who can’t promise to defray the cost when it comes time to replace it – an expense that often exceeds the resale value of the vehicle.
Given how much pricier used cars and trucks have been since Obama’s Cash for Clunkers (thanks again, Democrats), dropping used EV prices might look appealing, but the combustion engine will win out on reliability, affordability (repair and insurance), and compatibility with the world in which we actually live.
These long-range truths are causing buyer remorse for people who bought into the EV bait and switch. They aren’t green to build, are not charged with green energy (except in rare instances), are not green to decommission, lose range, are expensive to ensure and repair, and – at some point -owners might not be able to trade them in for another vehicle.
Dealers want to sell cars, but there’s a declining incentive to take a used EV in trade. What are EV owners to do with a used vehicle they want out of when there are too many on the lot already? It’s a fair question whose answer, if I were a betting man, will involve another taxpayer-backed incentive (bailout) to address the problem, first at the state and municipal level and then for private owners.
Every fool who bought in will want out and not have to pay for the cost of their short-sightedness.
Another bad situation created by the government at taxpayer expense whose end-of-life solution will cost taxpayers even more, just like the wind and solar boondoggles.
