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To: Theoria

In Europe, at least, the used EV market has also cratered. The problem there is that PRESENTLY, companies selling cars in Europe have to make a 22% EV quota on their overall sales (ratcheting up to 100% in 10 years), yet no one wants to buy those cars.

So some numbskull who bought an EV several years ago shows up at a dealer hoping to trade-in his EV to buy another car (gas or EV, doesn’t matter) but the dealer has no use for his EV, as the dealer can hardly find anyone to even buy them new, and yet still has the mandate (for now)...so used prices CRASH.


40 posted on 03/17/2024 6:40:49 AM PDT by BobL (I eat at McDonald's and shop at Walmart, I just don't tell anyone)
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To: BobL
So some numbskull who bought an EV several years ago shows up at a dealer hoping to trade-in his EV to buy another car

Anybody that bought an ICE car during the last few years with a substantial dealer mark up are likely hosed as well as EV owners getting slammed for depreciation. People that leased during this period are likely patting themselves on their backs...

49 posted on 03/17/2024 10:37:14 AM PDT by EVO X ( )
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