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Americans are paying on average $50K for a new ICE car, gas prices are at an all time high, insurance premiums at an all time high, car service costs at an all time high, interest rates at an all time high, and they still think they're making a good deal. This is what I call financial illiteracy.

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That's not only the new car that matters. The average car on the road in America is 12 years old, which means there's a lot of people who are not buying those brand new cars for $50,000. They're buying something older, more economical, and they're the ones who are going to start driving the demand for EVs. Either they will start paying a premium for the used EVs that do come available to them because it's worth it or they're going to start buying the cheap EVs if there are any on the market.

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