There was an interesting idea put forward I believe by Jack Rickard about how the electric cars will go down.
It went something like this -
Stage 1 - Lekky cars are expensive but most folks would have one given the money but they will take an IC engine next time.
Stage 2 - Lekky cars are getting cheaper so dont really want to lock into old tech. I'll keep my IC car a bit longer.
Stage 3 - Legacy car makers drop the prices and entice a few into their products. But now they have even less cash to spend on new leaky models.
Stage 4 - People refuse to sell their older but reliable IC cars while they wait for Lekky to arrive. Used car prices spike. Garage services do a great trade fixing cars that have been kept going for longer than usual.
Stage 5 - People switch to electric cars. The IC car market collapses. Smaller garages and dealers go out of business along with legacy car makers who failed to make the shift in time.
Stage 6 - IC car drivers suffer range anxiety (and high costs) as petrol stations dry up.
I kinda agree with all of that, I’d even go as far to say that we are already somewhere around stage 4 with used car prices definitely creeping up as people are holding on to cars longer (which is also partly being lead by economic issues and consumer confidence given Covid)
Also I do think given what I see as a huge increase in even normal car prices, that manufactures are now struggling to fund the development of new models,
In 2008 I bought my 3 year old Punto for under £4K, (from a dealer) there are not many small cars for under £4K these days, that would right now be a late 2017 model car for less than £4K when some dealers are charging that sort of money for a much older puntos even grandes over 10 year old at the moment.
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