I am still astonished at new and used car prices at the moment. I bought a used SUV a little over 5 years ago and I can almost sell it today for what I bought it for back then. We’re talking within $5,000 of what I originally paid for. When else could you drive a car for 5 years, and have it depreciate less than $1,000 a year???
It got me thinking, people paying insane prices for cars today, unless they are buying a Tesla or one of the few other EVs out there, are these cars trucks and SUVs going to be virtually worthless in 5 to 10 years down the road when we assume all new vehicles are EVs? For example if you go to your local Mercedes or Honda dealer in 5 years and each one has 8 different types of vehicles for sale, are 6 of them going to be EVs? All 8 of them? Or only 2 of them?
I don’t use my personal cars much so I can sit on the sidelines for now before purchasing another vehicle, I figure I will do so in the next 1-3 years depending on how the pricing goes. Wonder if that would be the last conventional vehicle I ever buy, or maybe if I wait for 2-3 years my next purchase WILL be an EV?


I know the Tree huggers are pushing for it. But I don't see the total change to EVs happening anytime soon. The infrastructure for charging stations is just not there. And I know the manufacturers are saying they are going to start pushing out EVs in the future. But I dont' see the public buying them in mass just yet. I'm thinking about changing out my wife's SUV next year. I possibly will buy a hybrid. But not an EV. I know of friends that have attempted to do a long trip in an EV. It was a pain in the ass finding places to get it charged.