> 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.

organsnyder 2 days ago | parent | next [-]

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

	▲	xp84 2 days ago \| parent [-]
		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!

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jerlam 2 days ago | parent | prev [-]

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.

	▲	nradov a day ago \| parent [-]
		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...