this post was submitted on 28 Aug 2023
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Electric Vehicles
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Im thinking of leasing for the first time, specifically for an EV. Im comfortable with the battery lasting as long as I’d own it, so that’s not it. The thing is the technology is still changing rapidly. Given all the upcoming changes for most products, can you really expect to be happy with your EV by the time you pay off a loan
For example, consider the switch in charging connectors in the US. After years of pushing a standard no one wanted, most manufacturers just gave up and agreed to the Tesla Connector (NACS). Basically, as soon as next year all your existing non-Tesla EVs are going to feel outdated
Or how about GM pulling their Ultium platform early to re-architect from pouch cells to cylindrical cells. In a couple years all your existing non-Tesla EVs are going to feel outdated
Even bigger, what if the Toyota announcement of solid state batteries is real, instead of marketing FUD? Solid state batteries have existed in the lab which will be a huge jump in battery capacity , safety, and weight. If Toyota really worked out the side effects and figured out how to mass produce them, all your existing EVs are going to feel outdated
It's a good point, but even with fast changing technologies, it takes quite a few years to reach the affordable models. There's really no good time to get a new car ever. There's a new better model every year.