There's No Depreciation Like EV Depreciation: It's Negative Equity from Beginning to End
A few months ago we talked about the hurt Hertz experienced with its foolish EV fleet initiative, but it turns out that was just the beginning. The following video brings matters up to date :
And, if you think that’s bad, here is our favorite car expert Geoff talking about what he’s hearing about EV trade-in values in Finland:
Media propaganda, of course, suggests EVs are just getting more affordable. There’s lots of talk about great buys and the like but this; EVs are not retaining value and that’s an indication the allure of virtue signaling with an EV has lost its luster. You cannot force products onto a market and ignore the very real practical realities. Moreover, the excuse offered by policymakers is phony. There simply is no ‘climate crisis.”
We can differ and argue about climate change all day long, but there is no crisis. Policies based on the lie that there is one are, therefore, doomed.Few want to admit that but the trade-in values tell us everything.
#EVs #TradeIns #Energy #Value #UsedEVs #Equity
How can it be possible that cars with limited range that drops when it's too cold or extremely hot, are subject to highly variable "refueling" costs due to idiotic energy policy in the west, take at a minimum 20 minutes to recharge (which hurts the longevity of it's batteries), cost more than internal combustion variants, and have decreasing government handouts for their purchase possibly have poor resale values? I mean really!
It's always both irritating and informative of collective irrationality to head read Electrek's breathless account of the unmitigated joys and takeover! of EVs.
Ayn Rand: one can ignore reality but none can ignore the consequences of ignoring reality.
Have filed three FOIA applications to towns in CT to gain info on groundsource geo school installations. Only Greenwich responded- did not work. Other two deepsixed my inquiry. This
is a scam ( que-Seventy-six trombones). Do you have any relative info? LEEDS Certification never complied with, but they sure do pump it at the shovel ceremony. Thanks, Tucker