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Is there anything that only the rich can currently afford but that everyone will have in the future? (lemmy.one)

submitted 1 year ago by [email protected] to c/[email protected]

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When the very first cars were built, only the rich could afford it, but now a large part of the population (in developed countries) has one or more.

What do you think will be such an evolution in the future?

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[–] [email protected] 2 points 1 year ago* (last edited 1 year ago) (1 children)

I am in Europe. You have to look past the purchase price.

What I did was to compare the price of buying €3k beater cars throughout the next ten years versus getting an only slightly used EV for €21k that I expect to drive for the same period.

The purchase price is 7 times higher, yes, but the savings on fuel, taxes and financing makes up for it it less than 6 years in my case.

So in short, I had a pretty easy choice in getting an almost new EV instead of continuing buying and repairing scrap cars as I'd previously done for the same reasons.

[–] [email protected] 4 points 1 year ago (1 children)

My car tax (VED) is £20 a year, Vs £0 on electric. Fuel and the extra £20 tax a year doesn't equate to the cost of an EV just yet.

EVs are definitely still a luxury, poor people aren't going round with EVs.

[–] [email protected] 1 points 1 year ago

Yeah well, I'm absolutely not saying that EVs are always the cheapest option. In my case it was.

There are many variables to account for when making the decision. I'd just advise people to do the calculations whenever they need a new car. Generally, It's still not that much cheaper that it pays off to get an EV if you already have a functional car, but whenever you need a new one.

I've been thinking about making a webpage to compare car purchases with all kinds of variables, but it's quite a big project to do.