The downside of electric vehicles.

[Rev. Rye]

You say prices for electric vehicles won't go down as time goes on, the funny thing is that this is already happening:

The Tesla Model 3 is the hottest EV in the world. But there are plenty of cheaper alternatives. That includes used EVs and a dirt-cheap electric made by a GM joint venture.

According to data from Cox Automotive, the average price of electric cars was $55,600 in 2019 down from $64,300 in 2018.

Still out of reach for most Americans but headed in the right direction.

https://www.forbes.com/sites/brookecroth...-the-rest/

So, the average price of an electric car went down by $8,700 in a single year. Admittedly, the price can't go down that steeply every year, but, it's a very good sign that they might actually be affordable by the time GM phases out gas engines in 2035. Well, when I say affordable, I mean at least somewhat on par with gas cars now, which are, oddly enough, already starting to price themselves out of the market, a situation that got even worse post-COVID.

Of course, even if you're ignoring the price of a new car, electric cars are getting on the used market with prices along the lines of $20k.