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Less than half of Canadians say they will buy an electric vehicle as their next car: survey
(toronto.ctvnews.ca)
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This.
My next car will be whatever used car I think will get me through 4 more years. Maybe the one after that will be electric. But until people can walk onto a lot and drive away in an EV, or, especially, find one on Kijiji, then the number of people whose next car is an EV is going to remain low.
The fact that the number of people considering it right now is anywhere near 50% is a big deal.
TBF, I was watching a YouTube video yesterday where he mentionned that there's actually a decent used EV market now. We bought a used car ˜10 months ago, and EVs were out of the question with autotrader listings in Ontario starting at ˜$40K for any EV in good driving condition. Now you can find some all the way down to ˜$20K.
Still that's like 3-4 times most people's budgets for cars, if they even have a budget.
There are very few used cars for <$7,500 that aren't "As-Is" or should be labelled as such. I know the used ICE market has also softened a bit, but not that much.
When we were looking, I was considering a beater since our last car was a '05 Civic I bought with 120K km from a used car dealer for $5K (plus snow tires & rims). Before it was totaled, with an extra 180K km and over a decade of wear, it was worth more than that. EV prices are insane, but ALL car prices are insane.
Oh 100%, I'm just saying people struggle to even afford ICE used cars, let alone EV ones, that prices are just insane. 20k is like 5 months of rent for a family.