Will electric cars still be a good investment if at the end of this financial chaos, certain commodities cost 2, 3, or even 10 times as much?
I suspect that the answer is still yes.
I suspect that the answer is still yes.
Two or three years ago I was in a short-term Tesla outpost (not sure what else to call it), and found out that the cars are intended to last 400k miles. I did envelop math and realized that in that span, a $40k car could save $28k in fuel costs. Please check me (at 2019 prices).
I am uncertain whether the price gap per mile will grow or shrink, but when there are options, the gift of the option is...LOAD BALANCING. Buyers can shift in whichever direction is more optimal: gas or electric.
Understand, I do have some issues with electric cars. Chief among them is whether mass use of them will result in greater tracking by centralized powers, whether or corporate or government. We need to be having that conversation.
And we should also generally have conversations about potentially advantageous technological leaps that are unnecessarily paired with asymmetric power dynamics.
Now go back and think through the benefit if we *can* solve the asymmetric power dynamics. Assuming normal gas costs, that really makes a $40k purchase more like a $12k purchase. If I told you that you could purchase a Tesla for $12k (amortize it)...that would sound tempting, no?
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