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> Instead of threatening to derail the EV transition, lack of resale value might be evidence of the EV transition

People buying new EVs might be bad for environment though.

It's not like those used EVs are getting thrown away—they're just going further down-market than they otherwise would.

yup. and there are a lot more people in America who can buy a 2-3-year-old $20,000 EV than the insane prices those cars were fetching when new!

Hopefully EVs are being purchased to replace existing ICE cars, in which case the falling price is a good thing since it makes them more available at lower price points. Replacing a car with one that is cheaper to run and produces less emissions is usually a good thing.

If people are buying (and storing, and fueling) EVs in addition to their collection of ICE cars, that's probably a separate issue about overconsumption.

A significant fraction of consumers are going to purchase ICE cars (including hybrids) to replace EVs.

https://www.cnbc.com/2024/07/25/ev-owners-want-to-buy-gas-ca...

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