There’s been a lot of negative news around EV’s lately. Hertz slowing down their Tesla purchase, Ford postponing its investment, GM just continuing to make the absolute dumbest decisions with their EV’s, Toyota well being Toyota. Maybe I am over reacting but it feels like we are reaching some critical mass here and it feels bleek.
I think the price reductions of Teslas have a lot to do with this. When their prices go down, other OEMs will want to follow suit to stay competitive. That means lower profit margins for both new and used EVs, and massive depreciation for those trying to sell their current EVs.