> EV technology is moving so fast and as a result ev depreciation is so high they will be glad to sell you the car after two to three years
Doesn’t this imply even-faster falling prices for ICE vehicles? We’re nowhere close to the Norwegian death spiral [1], but at 7.3% of sales growing at 2.6 percentage points YoY from a 1% base [2] we’re 5 years from their 20% fleet penetration rate [3], which implies a lot of gas cars being sold today will be scrapped versus resold. (I own a gas car. I expect to drive it until write off / they start penalty taxing gas.)
Doesn’t this imply even-faster falling prices for ICE vehicles? We’re nowhere close to the Norwegian death spiral [1], but at 7.3% of sales growing at 2.6 percentage points YoY from a 1% base [2] we’re 5 years from their 20% fleet penetration rate [3], which implies a lot of gas cars being sold today will be scrapped versus resold. (I own a gas car. I expect to drive it until write off / they start penalty taxing gas.)
[1] https://electrek.co/2023/10/20/cratering-motor-fuel-sales-in...
[2] https://caredge.com/guides/electric-vehicle-market-share-and...
[3] https://europe.autonews.com/automakers/evs-now-make-20-norwa...