So as to some of the comments saying that a lot of people are scared of EV’s because of what they see on tv, memes, or what have you. My opinions on EV’s are from real world experience working in the automotive field prior to getting into my current work field, from aftermarket shops that would see well worn vehicles, to the dealership dealing with new vehicles.
My concerns for EV’s aren’t stemmed from grid power, but longterm usage and the used market. Mainly because there are still a LOT of people who can’t afford, or refuse to pay the premium on current new vehicles. Which are the most expensive depreciating “asset” you can buy.
Since I need a fullsize pickup, and a lot of experience working with Fords, I decided to look into both the Lightning and hybrid F150s.
An extended range Lightning optioned for what I need in a truck is $74k. Which is astronomical and a price I will never pay for any vehicle ever. The hybrid, optioned for what I need, comes in at $54k. Much more reasonable. Looking into MPG gain vs my 2016 F150 with 2.7 ecoboost, is laughable. Real world mpg for the hybrid is LESS than my current vehicle. The only benefit to getting the hybrid would be a little bit faster of a truck, and the ability to have an onboard generator. Now since I don’t care about speed, I could get a generator for the price of one monthly payment of this truck and throw it in the bed and boom. Now my truck gets better mpg than the hybrid and has an onboard generator.
Now on to longterm reliability and usage. CHEAP replaceable battery packs would be a huge boon to the EV, as replacing a bttery pack on an EV is currently already easier than replacing an ICE. The problem is the very high cost of said battery. I can get 15+ years out of a properly maintained ICE. You will not get that out of a current battery pack. Obviously there are outliers to that, but for the most part goodluck getting an older affordable EV that wont need a battery in a few years.
Obviously battery tech will improve in the coming years to help change that and I can’t wait to see how long they can get them to last and how cheap they can make replacements.
Agree 100%. Until the prices on EVs come down to purchase prices below ICE vehicles, we will not have mass adoption. Period. But every engineering firm and economic model says that that is inevitable. Just like falling prices of solar PV, HD TVs, LED bulbs, what have you.
The legacy car makers don't WANT to transition to EVs. They would be super happy to sell the same (style refreshed) products until the end of time. But they believe the analysts that say that eventually new EVs will be so cheap compared to new comparable ICE vehicles, that their ICE business model is simply doomed.
The legacy makers are not transitioning because of govt CAFE regs, or a threat of a ICE ban in 2035 in a couple states. They are transitioning because sales of ICE vehicles (globally) have been falling since 2018, other major markets (China and EU) are already close to 50% EV market share, and they are looking at bankruptcy in a few years if they don't switch ASAP.
If you ask why EVs are still so expensive? That is due to the legacy makers doing a bad job of transitioning. They are selling products that are over-engineered, hard to mass produce, with parts coming from too expensive (badly negotiated) contracts. And then producing small volumes. And HOPING that rich early adopter types will grab them at sky high prices, because they seem to pay a premium for Teslas.
But Tesla simply dropped their prices a little (while still making a good profit per vehicle), enough that no one in their right mind would buy what Ford and GM are selling at their current asking prices and dealer markups. And so those makers are whining 'No one wants to buy EVs'. And they are holding their prices high, rather than clearing inventory. Probably bc the dealers would have to take the big loss.
In the US, you are not seeing a failure of EV adoption (which is still growing rapidly), you are seeing a failure of Ford and GM to build market viable EV products. Tesla, VW and Kia do not have huge inventory on their lots, they are selling.
In the US, prices of new EVs are still falling as predicted (Tesla, VW and Korean brands), and you see Ford and GM and their dealers holding their prices high and selling little to no vehicles.
Of course, even as EVs take over the new vehicle market, the transition will hit sedans first, SUVs second and trucks last. Ford starting with a truck EV offering was a huge gamble, which they appear to have lost. The pack is too small to enable high capacity towing, and too big to sell the thing at a market supportable price. Note that Tesla did NOT sell a truck, and only launched the Cybertruck this month, and at an eye-watering price (which Tesla needs to clear a profit, with their waaay lower than Ford costs). GM is selling an EV truck, but so far only fleet customers who might make the economics work.
As you say, the used market will be v interesting. You can shop for a 15-20 year old used ICE car, and have it looked over by a trusted mechanic, and look for collision reports, and feel good about the purchase. While I think many EV batteries will last 15 years, and the new LFPs might last even longer, we just don't know yet. But by the time EV mass adoption gets underway, new packs will be affordable. Currently, most pack replacements are warranty claims. And as said upthread, a whole ecosystem of cheap cell replacements and selling of good condition used packs (from totaled cars) will grow up over time. But the used market for EVs will lag the new market for EVs by several years, of course. But people will buy used EVs rather than used ICE only when the price is lower.
This is what all the EV projections posted in the Green Room assume.... mass customer adoption driven simply by lower prices for EVs. And Ford and GM might not be part of that, unless they get their butts in gear. Their current offerings are not market viable against Tesla and VW and Kia.
So the transition will be
uneven in every possible way, as these transitions always are. The cost factor will slow adoption in some markets/regions/group of customers/products, relative to others. Logically, trucks in the deep south or far north will be the dead last to transition to EVs, but when they do (well after 2030), my guess is that those buyers will be getting new EV trucks bc they are cheaper/better than their ICE competition, and not because of any govt 'ICE ban'.
The incandescent light bulb 'ban' was delayed several times for many years, because the new bulbs sucked (CFLs) or were too expensive (LEDs). Only after the transition was over did the ban finally go into effect. Forcing folks to buy inferior products by govt fiat is so toxic a concept politically, that it will never happen.