Resale Value of Electric Vehicles
It doesn't make sense to buy EV cars now. Resale value will go to 0. In the next 3-5 yrs battery tech is gonna change for the better dramatically. No one wants an EV even 1 year old, that’s how fast mileage is changing. Cost of acquisition is too high to justify saving.
Do not get carried away because one colleague may have bought it and is going gaga about how much they are saving in fuel costs. If the base asset is likely to turn scrap value in 5 years whats the point. more
Do not get carried away because one colleague may have bought it and is going gaga about how much they are saving in fuel costs. If the base asset is likely to turn scrap value in 5 years whats the point. more
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Truly an interesting news. Battery is surely a big set back in such new model vehicles along with other issues that we hardly face in other cars. But resale is value is doubtful as damage is very high and life is short. It's really not known to many. It's surely the fault of the Govt. that gave a big publicity to appease customers to scale up their inclination to buy instead of verifying the facts. Why manufacturers are given incentives to manufacture such vehicles in the name of sustainability and clean environment? more
May 01
The Sellers of these EV Cars knew that, they can take Indians for granted. The prices of these cars are totally not justified and not at all worth a penny. more
May 01
EV is a complete scam. Think about where the electricity is generated from and how, second the batteries are made in China our enemy. The charging does not last long and when it takes a very long time to charge. The batteries catch random fire when not even is use and produce a very toxic fumes. I have seen this in person. The batteries are not recyclable and are toxic in the landfill. I can give you many more reasons why us Indians should NOT buy the EVs. Not now and not any time soon. more
Apr 30
