It is what I would expect. Fewer new EVs sold mean fewer old EVs on the used market. Less supply likely means higher prices. Probably more of impact in Washington State than Florida, due to battery life differences.LTLFTcomposite wrote:I thought EVs we're supposed to be cheaper anyway, so many fewer moving parts.
Why would used EV prices skyrocket?
Long term, EVs are cheaper. The supply of cheap oil is limited, and while we can clearly find oil deep offshore and make a lot of oil from tar sands, oil shales and coal to liquids, these are far more expensive. Battery prices per Wh have been falling over the past 3 decades, and are expected to continue to do so for another decade or more. We are in the crossover, where EVs are sometimes cheaper, depending on personal details, considering only the visible costs. As for costs harder to see, did you ever visit LA in the early 1970's? Or Beijing recently? Also climate change.
As for the tax proposal, I'd expect the Republicans to keep the EV tax credit termination. Far more interesting question, can the Republicans pass a tax proposal that will help corporations and the very wealthy, and hurt many less well off individuals; not to mention add trillions to the debt? Not clear to me, and not clear if even their supporters will like the results.