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I'm pretty sure those 15 mpg mega trucks and SUVs will be cheap soon.

Most people buying large trucks and SUVs are not thinking about the monthly cost (or minimizing such) of ownership (beyond a few minutes of "negotiating" while purchasing to get a payment they are comfortable with).

If you drive 12,000 miles / year and get 15 mpg, $3/gallon is $2400, and $5/gallon is $4000.

What is an additional $1600 / year for a car you're already paying $12,000 / year for (assuming $60k, 60 months)?

So while demand might decrease (particularly if EV pickup truck production capacity grows rapidly), I would not expect $60k vehicles to quickly become "cheap."

LPG powered SUVs are the future.

It's the second hand market that will be most affected by increased fuel prices. Assuming 18% depreciation a year that car will be $22K for the next owner. Then that extra $1,600 per month becomes more significant.

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