The high gas prices may have added fuel to the fire, but the best news here is that used EVs are growing in popularity. That is a consequence of us finding out batteries don’t degrade as fast as we first imagined, which makes used EVs a lot more interesting.
In the short term, that kills the market for new EVs, since used ones were so dirt cheap. In the long run, the resale value of new EVs will be much more stable, eliminating the last downside they had.
(Obviously, many car makers saw the short term pain and gave up on the entire market. That is of course because car maker CEOs are absolutely brilliant people with foresight and strategic thinking. Just kidding: they occupy the only category of jobs that should absolutely be replaced by AI.)
There really was a huge increase in the number of EV models available between model years 2018 and 2023.
So now, when you’re looking to buy a 3-year-old car, you have so many more EV options to choose from even compared to just 2 years ago.
You can choose different form factors (small cars, sedans, wagon/crossover/small SUVs, medium SUVs, literal pickup trucks), and basically any price tier from economy to ultra luxury high end.
Not every ecological niche was filled in the past 5 years, and some still need a bit more competition, but even with some pullback over the last year there are still plenty of new EVs hitting new categories (e.g., true three-row SUVs and minivans) that will feed into tomorrow’s used market.
And not every model will survive. The future of all-electric full size pickups looks pretty grim. Some entire companies might not survive the EV transition (looking at you, Honda). But overall, the used market will fill out with what was hitting the new market 5-10 years ago, and we’ll start to see a lot of consumer preferences start showing what the future of cars will look like.
I hope more people try it because hot damn, I love having an EV. We got a gently used Bolt last year and it’s exceeded my expectations in every way. It’s quick and QUIET inside and so far we haven’t had the need to go beyond a regular old wall socket 120V charger (we mostly just drive in-town). But wow I love driving it and never stopping to gas it or even change the oil. It’s such a simple and satisfying experience.
I think there’s also a problem with the kinds of EVs everyone tried to sell.
Tesla has seen legitimate success in making EVs a desirable luxury item. The Prius became something of a fashion statement among kale chip eating Californians in the 2000s because of its alleged economy, but it was still an economy car. It wasn’t that nice or luxurious. Tesla made cars people wanted to drive and be seen driving, with an all-electric powertrain.
Pretty much everyone tried to copy that business model, making excessively fast luxury sport sedanover blobs with price tags that make car shoppers start muttering the word “depreciation.”
Meanwhile, EVs tend to be the breeding ground for shit features everybody hates, like touch screen HVAC controls. Nobody wants to make a normal car that happens to be electric, which is what a lot of the buying public wants, but can’t find.
Don’t forget the obsession with having any way to open a door except a boring normal way.
I’m really really hoping EVs get over the Tesla envy and just make sensible cars with EV drivetrains.
It’s probably a wildly unpopular idea, but I personally would love a Miata with an H shaped battery pack to let the passengers ride low in the car at the expense of some range, with the traditional driveshaft tunnel becoming battery.
But failing that, straightforward door opening, actual buttons and knobs for HVAC and volume, and a reasonable expectation of serviceable battery pack over time and I’m totally there for it.
That miata concept sounds fun. But would it be more fun than one that has revs and gears, even though it would be way faster?
Honestly the ideal in my case might be like 2500lbs and 300hp but only like 100 miles of range to keep the battery size down. But I don’t think that’s gonna happen.
Another facet I hope the H shaped battery would mitigate is the weight. Might have to further wait for viable solid state batteries to match the ICE for cornering. Yes the reving and shifting fun is lost, unless you go like the Ioniq N and just give the driver the toys to feel like they have revving and shifting…
I too would probably be fine with 100 miles for a ‘fun’ car or even commuter car. Though that’s a luxury many households can not afford, a designated car for ‘road tripping’, so I’m not going to expect too much attention to this scenario…
I think the missing part in that is the “Miata”-ness. A fun little car with a bit of oomph to it and being ok with short range for the sake of a more fun/light drive. That has the light and affordable down, but doesn’t really approach the ‘fun’ part of the miata appeal.
The closest to that I can think of is the Tesla Roadster. Which IIRC was basically an electric Lotus Elise, rather than a Mazda Miata. I wonder how popular electric Miatas would actually be, without a manual transmission.
The most “normal car that happens to be electric” I can think of is the Slate. With the exception of the powertrain and complete lack of a radio, the controls and mechanisms look like they’re from 20 years ago. The more I look at it though the more I think that car is DOA.
Very, very fair points. I wondered sometimes why no enterprising manufacturer simply took an existing ICE car and made an EV conversion kit. Like a conversion kit for a 2010 Honda Civic, take out the ICE engine etc. and replace it all with electric. That’s the car we want.
Because that kit would cost around what a new Civic would cost, and you’re going to get a 16 year old car made worse.
EV components don’t really swap into the spots that ICE components do. An engine is relatively large, a motor is relatively small. A gas tank is relatively small, a battery is relatively large. Most ICEs designed from the ground up use a “skateboard”-like chassis with the battery taking up basically all the volume below the floor. The motor can be tucked away somewhere, and then the body built on top. You don’t need the volume in the nose for the engine so you get a frunk. a 15 year old ICE car didn’t portion out the room for the batteries, so you’ve got some of the area under the trunk occupied by the gas tank. That’s about the volume that the batteries in a golf cart take up.
Anyone who’s capable of designing and manufacturing that kit might as well go into production of new cars.
The thing is they do make the parts, but it’s a custom job and generally changing from a mass-manufactured EV to a hand-crafted car. The savings in reusing the reusable portions of the car are more than offset by the labor associated with putting them in. So it’s only really reserved for ‘classics’ with some iconic design, and even then the person risks enraging fans of the car who find it heretical to rip out their engines.
The high gas prices may have added fuel to the fire, but the best news here is that used EVs are growing in popularity. That is a consequence of us finding out batteries don’t degrade as fast as we first imagined, which makes used EVs a lot more interesting.
In the short term, that kills the market for new EVs, since used ones were so dirt cheap. In the long run, the resale value of new EVs will be much more stable, eliminating the last downside they had.
(Obviously, many car makers saw the short term pain and gave up on the entire market. That is of course because car maker CEOs are absolutely brilliant people with foresight and strategic thinking. Just kidding: they occupy the only category of jobs that should absolutely be replaced by AI.)
There really was a huge increase in the number of EV models available between model years 2018 and 2023.
So now, when you’re looking to buy a 3-year-old car, you have so many more EV options to choose from even compared to just 2 years ago.
You can choose different form factors (small cars, sedans, wagon/crossover/small SUVs, medium SUVs, literal pickup trucks), and basically any price tier from economy to ultra luxury high end.
Not every ecological niche was filled in the past 5 years, and some still need a bit more competition, but even with some pullback over the last year there are still plenty of new EVs hitting new categories (e.g., true three-row SUVs and minivans) that will feed into tomorrow’s used market.
And not every model will survive. The future of all-electric full size pickups looks pretty grim. Some entire companies might not survive the EV transition (looking at you, Honda). But overall, the used market will fill out with what was hitting the new market 5-10 years ago, and we’ll start to see a lot of consumer preferences start showing what the future of cars will look like.
I hope more people try it because hot damn, I love having an EV. We got a gently used Bolt last year and it’s exceeded my expectations in every way. It’s quick and QUIET inside and so far we haven’t had the need to go beyond a regular old wall socket 120V charger (we mostly just drive in-town). But wow I love driving it and never stopping to gas it or even change the oil. It’s such a simple and satisfying experience.
I think there’s also a problem with the kinds of EVs everyone tried to sell.
Tesla has seen legitimate success in making EVs a desirable luxury item. The Prius became something of a fashion statement among kale chip eating Californians in the 2000s because of its alleged economy, but it was still an economy car. It wasn’t that nice or luxurious. Tesla made cars people wanted to drive and be seen driving, with an all-electric powertrain.
Pretty much everyone tried to copy that business model, making excessively fast luxury sport sedanover blobs with price tags that make car shoppers start muttering the word “depreciation.”
Meanwhile, EVs tend to be the breeding ground for shit features everybody hates, like touch screen HVAC controls. Nobody wants to make a normal car that happens to be electric, which is what a lot of the buying public wants, but can’t find.
Don’t forget the obsession with having any way to open a door except a boring normal way.
I’m really really hoping EVs get over the Tesla envy and just make sensible cars with EV drivetrains.
It’s probably a wildly unpopular idea, but I personally would love a Miata with an H shaped battery pack to let the passengers ride low in the car at the expense of some range, with the traditional driveshaft tunnel becoming battery.
But failing that, straightforward door opening, actual buttons and knobs for HVAC and volume, and a reasonable expectation of serviceable battery pack over time and I’m totally there for it.
That miata concept sounds fun. But would it be more fun than one that has revs and gears, even though it would be way faster?
Honestly the ideal in my case might be like 2500lbs and 300hp but only like 100 miles of range to keep the battery size down. But I don’t think that’s gonna happen.
Another facet I hope the H shaped battery would mitigate is the weight. Might have to further wait for viable solid state batteries to match the ICE for cornering. Yes the reving and shifting fun is lost, unless you go like the Ioniq N and just give the driver the toys to feel like they have revving and shifting…
I too would probably be fine with 100 miles for a ‘fun’ car or even commuter car. Though that’s a luxury many households can not afford, a designated car for ‘road tripping’, so I’m not going to expect too much attention to this scenario…
https://en.wikipedia.org/wiki/Changan_Lumin
It exists (50 hp though). I drove it yesterday
I think the missing part in that is the “Miata”-ness. A fun little car with a bit of oomph to it and being ok with short range for the sake of a more fun/light drive. That has the light and affordable down, but doesn’t really approach the ‘fun’ part of the miata appeal.
The closest to that I can think of is the Tesla Roadster. Which IIRC was basically an electric Lotus Elise, rather than a Mazda Miata. I wonder how popular electric Miatas would actually be, without a manual transmission.
The most “normal car that happens to be electric” I can think of is the Slate. With the exception of the powertrain and complete lack of a radio, the controls and mechanisms look like they’re from 20 years ago. The more I look at it though the more I think that car is DOA.
Very, very fair points. I wondered sometimes why no enterprising manufacturer simply took an existing ICE car and made an EV conversion kit. Like a conversion kit for a 2010 Honda Civic, take out the ICE engine etc. and replace it all with electric. That’s the car we want.
Because that kit would cost around what a new Civic would cost, and you’re going to get a 16 year old car made worse.
EV components don’t really swap into the spots that ICE components do. An engine is relatively large, a motor is relatively small. A gas tank is relatively small, a battery is relatively large. Most ICEs designed from the ground up use a “skateboard”-like chassis with the battery taking up basically all the volume below the floor. The motor can be tucked away somewhere, and then the body built on top. You don’t need the volume in the nose for the engine so you get a frunk. a 15 year old ICE car didn’t portion out the room for the batteries, so you’ve got some of the area under the trunk occupied by the gas tank. That’s about the volume that the batteries in a golf cart take up.
Anyone who’s capable of designing and manufacturing that kit might as well go into production of new cars.
The thing is they do make the parts, but it’s a custom job and generally changing from a mass-manufactured EV to a hand-crafted car. The savings in reusing the reusable portions of the car are more than offset by the labor associated with putting them in. So it’s only really reserved for ‘classics’ with some iconic design, and even then the person risks enraging fans of the car who find it heretical to rip out their engines.