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John Woodrow
Sky News Australia
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Comments by "John Woodrow" (@johnwoodrow8769) on "‘Clown’: Chris Bowen ‘devoid of reality’ amid electric vehicle push" video.
Using the US as a predictor for the future of Australia. Prices of second hand EV's have dropped like a stone, due to zero subsidies on used vehicles, lack of warranty on problematic Teslas, and doubts with no tests to ascertain the remaining life of the battery. This same problem is being experienced in Europe. Most EV's are bought on leases, and millions of these leases from 3 years ago are due to expire soon. As such the anticipated future for EV second hand prices is just 'gloom and doom'. That little 'hi tec' toy is likely to turn out might expensive at the end of the day.
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@kasmstamps1897 People in the US aren't buying used EV's as there is no tax subsidy on used vehicles like applies to new ones (if there were so good why do they need to be subsidised to encourage people to buy one). There is often also no warranty on these used EV's, and Telsa has a bad reputation for reliability. There is also no way of determining the remaining life of the battery (a new battery being as much if not more than the price of the second-hand car). Basically the market place considers them to be 'dogs'.
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Actually a lot on the roads around my area. You can near 100% guarantee they are all 'company cars' bought on lease as salary sacrifice taking advantage of the tax breaks and subsidies. Few, if any, would belong to people who just walked in and paid for one out of their own bank account. Point is, when these leases are up, most as they normally do will want to roll over to a new vehicle, and all these EV's will all be dropped onto the second-hand market. I doubt there will be many buyers.
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If 'economics' (meaning a free and fair market) wins out, why is government heavily subsidising EV's and passing laws to effectively ban ICE powered cars?
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