Whether it made sense to some prospective buyers or not before, it now makes $7,500 less sense which is what matters most IMO. In fairness many other competing EVs are essentially in same boat, with lowest-cost models getting hit hardest as a percent of purchase price. I think eliminating tax credit will also hurt Tesla considerably since their cheapest models make up most of their business. Change will likely hurt Chevy Bolt and Nissan Leaf disproportionately also, along with cheapest Hyundai and Kia.
For many, yes, but not all. IMO that’s how change probably has to happen in this case. Adoption rate in the affordable segment could start slow and build from there. I agree that large-car owners are less likely to downsize a huge amount so not worth pursuing them, but I believe a significant segment of the population, including those who enjoy riding motorcycles, scooters and bikes may try them, especially the young and those who can afford one as a pseudo toy and or extra city-car vehicle. If cars prove fun, low-cost, and safe enough for the price, other buyers should follow. Key IMO is to make them feel cool/desirable to own, not because they’re cheap.
The battery management systems (BMS ) on older EVs are known for poor battery wear.
Lower cost replacements exist for for some models on this list. There is a large market for replacement batteries for Leafs and I3s plus there is a growing market used EV batteries.
Old BMW i3 Gets Double The Range With This New Chinese Battery
Gee, I sold auto parts from 1966 to 1996 and I've been repairing my own cars for longer. Pontiacs had timing chain issues. The only other GM issue was starters. The only other GM issue was starters. Same for Chrysler and Ford. And that was it! Mid-80's Fords had Control Module issues. It was mounted in front wheel housing. You loosened two bolts and unplugged electrical connections and in 5 minutes you were done. There were only three headlight part numbers that fit GM, Chrysler and Ford. A fourth was the 6 Volt for VW Beetles. Fifteen air filter part numbers were all you needed for all three mfrs. There were no recalls. We've made no progress! On a side note, Farley says AI will eliminate 50 % of white collar jobs. What are these people going to do? Watch and listen to the lyrics of the link below. Virtually nothing has change in 60 years! Very sad. In Terminator 2, the young John Connor says to the original Terminator (Arnold), "We're not going to make it, are we?" The Terminator says, "You have a tendency to destroy yourselves."
We haven't learned a damn thing from the Terminator and Matrix movies!!!!
(819) Barry McGuire - Eve Of Destruction - YouTube
Ford has similar conquest rates for its EV. The following is from 2023, but the rate should be about the same now.
The Ford EV conquest rate in Q1 of 2023 was over 60 percent, according to the automaker, meaning that it hasn’t wavered much over the past few months as the Ford E-Transit, Ford Mustang Mach-E, and Ford F-150 Lightning continue to prove appealing to those that own not only other-branded all-electric vehicles, but those that own vehicles from other brands in general.
This appeal has proven so strong, in fact, that the automaker has made conquests part of its overall EV strategy as well.
“What we’ve learned is that we can conquest more as we go electric than we thought,” CEO Jim Farley said in a recent interview. “Most Mach-E and Lightning customers are new even though the products are first-gen products. So, second-generation products, we’re going to lean more into the conquest.”