General thoughts on ICE depreciation?

[av8or]

I’m all in on EVs, so it might be a little more obvious what I think. I’ve had a few conversations with friends and family about when the depreciation graph for ice vehicles will get very steep and to my surprise most of them think little will change in this regard for quite a while.
With so many states that are looking to end ice passenger car sales by 2030-2035, and car loans that get stretched out 6 and 7 years…..When do you think you want to get rid of your ice cars?


https://www.nbcnews.com/news/us-news/washington-state-plans-ban-non-electric-vehicles-2030-rcna21683
Thats 7.5 years away.
Might be the first of many states to want to be greener than their neighbor.

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[moosehead]

Getting rid of the ICE vehicles now. Got the home charger installed last week to kick it off, yet still no EV's in the fleet.

I'm a child of the muscle car era and have a love affair with V8's, displacement, and loud exhaust, but it's over. My son is about to start driving and he and I agreed to lead the family into full EV's. Even that will take some time as we have tow duties, boats, and other toys that kill dinosaurs.

There's tons of enthusiasts left though and it'll take awhile. Perhaps that ends quickly once they drive an EV, but some things die slowly.

 

[OverZealous]

When do you think you want to get rid of your ice cars?

My hope is in…(check's watch)…however long it takes for Rivian to bring my truck. And then, good riddance to ICE for good.

We've had our Acadia just a little longer than we've had the Tesla. And the Acadia has only added about 4,000 miles since we got the Tesla, while the Tesla has done 90,000. I'll happily never visit a gas station pump again the rest of my life!

 

[EVTrucking]

I am all in for EV and not long ago I thought ICE vehicles would depreciate by 2026 but recent reporting on precious metals and slower than expected roll out of descent full service charging stations has me thinking 2035 or even a bit later.

I really like my EV6 and it works great for me because 99% of my driving is around town. I have home solar and have not used a public charger yet. However when I do think of taking a long drive I start sweating. Lots of places with no chargers or very few making it a crap shoot.

My point is that the charging infrastructure is evolving but very slowly.

I also think for the next 2-3 years battery supply will be overwhelmed by demand slowing the actual number of EVs on the road.

 

[Dark-Fx]

You mean you haven't already?? We are keeping the Volt, strictly as an extra vehicle. With my Rivian at service today, the Volt worked out great. Commute was all electric, got home with 1 mile of range left. If it turns out I need to run an errand for work, I would still be able to.

 

[SANZC02]

I’m all in on EVs, so it might be a little more obvious what I think. I’ve had a few conversations with friends and family about when the depreciation graph for ice vehicles will get very steep and to my surprise most of them think little will change in this regard for quite a while.
With so many states that are looking to end ice passenger car sales by 2030-2035, and car loans that get stretched out 6 and 7 years…..When do you think you want to get rid of your ice cars?

I don’t think you will see much based on EV adoption for awhile yet. More likely to see the near term value of ICE vehicles tied to gas prices and their MPG.

If CA sticks with no new ICE vehicles sold here after 2035, might actually increase values of some used vehicles after that as used market would be only place to get them. Not sure how they would handle bringing new ICE cars in with that plan As the details have not been shared or worked out.

 

[av8or]

https://www.nbcnews.com/news/us-news/washington-state-plans-ban-non-electric-vehicles-2030-rcna21683
Thats 7.5 years away.
Might be the first of many states to want to be greener than their neighbor.

 

[av8or]

You mean you haven't already?? We are keeping the Volt, strictly as an extra vehicle. With my Rivian at service today, the Volt worked out great. Commute was all electric, got home with 1 mile of range left. If it turns out I need to run an errand for work, I would still be able to.

I’m a complete noob to the EV environment, but I’m happy to say that this old guy finally gets it and my wife is waiting on her id4 and I’m waiting on my r1t, and then that will be that.…….still can’t stop looking at teslas too.

 

[Max]

Will keep the wife’s Subaru and probably my truck until they die; probably in 12 years and any day now respectively. Will replace the sport car with Rivian and use it as the primary vehicle.

 

[SANZC02]

I’m a complete noob to the EV environment, but I’m happy to say that this old guy finally gets it and my wife is waiting on her id4 and I’m waiting on my r1t, and then that will be that.…….still can’t stop looking at teslas too.

I got a Tesla in 2016, been waiting since then for someone to make something like the R1S to replace my Jeep GC, once I get it we will be all electric. Sadly I thought I would be there by now but. alas…… sOOn though.

 

[Max]

https://www.nbcnews.com/news/us-news/washington-state-plans-ban-non-electric-vehicles-2030-rcna21683
Thats 7.5 years away.
Might be the first of many states to want to be greener than their neighbor.

‘New and used ICE truck prices in 2029 should go through the roof if battery density and charging infrastructure is anything like it is today.

 

[Montucky]

The only ICE vehicle we have left in our family is a 4x4 Sprinter van. Once you drive EV, it's hard to go back to ICE. And after my last trip in the van which cost $500+ in fuel, I'm glad we don't often visit the gas station anymore.

 

[Forager]

I’ve thought about this a lot, and I wish I knew. I suspect there will be pockets of the USA that look a lot like the streets of Cuba in 30 years.

 

[Engi_Nerd]

Meh. BEVs will be supply limited for years and their rapidly increasing prices are way beyond what a lot of people can afford. Buying today, the price premium on a Model Y no longer makes it cheaper to own than a comparable luxury ICE SUV. Even when prices do come down a bit, the current charging infrastructure will not be able to cope with broad adoption and it's not really clear what the business case is for fixing that.

 

[emoore]

I think the prices of oil is going to kill most light duty ice by 2030. Going to have huge swings in oil prices as demands lessens and oil companies consolidate.

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