Quote:
Originally Posted by Schn3ll
The market is sufficiently saturated with EV's for the demand and production can't stop so this freefall will continue (coupled with the fact they are overpriced and interest rates are high).
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Yeah, we've reached an interesting point with EV's. Now that they are truly mainstream (despite their still small numbers), they have already overwhelmed the charging network. That, and the buyers have moved past the "early adopters" who are willing to overlook EV issues and live with the benefits and into buyers who can barely remember to put gas in their car (not saying you, just in general). As you said, the production is ramped and demand is down so the market is suuuuuuuper soft. Looking at Taycans on the Porsche finder, I see that prices for GTS's are close to what they were asking for 4S's nearly a year ago.
But the demand won't ramp until the charging network is bolstered, and that's going to take some time. So in the meantime, definitely not the time to be buying a new EV, unless a Tesla or unless you NEVER plan on fast charging it. And be sure to get a good deal on it as your values will tank. Or lease and get the credit.
So....when will the DCFC network improve? We shall see. Manufacturers are too heavily invested in it now. They have seen that the costs, once the initial battery technology is paid for, are substantially lower than an ICE car and are hungry for the additional $$, but they can't unlock it now.