[aquaticsunset]

I think the market for the current lineup of EVs is tapping out.

My wife and I own one that was very comparably equipped to a similar luxury crossover / SUV, and the type of driving we do in that car is perfectly within the capabilities of our range & charging habits. Never going to gas stations or getting the annual oil change is a nice convenient perk for us. But we fit right in this targeted demographic:

1) Can afford an expensive, new car 2) Own a home and can install an EV charger 3) Have a second ICE vehicle for long trips

However, I can't imagine many people wanting EVs who fit this criteria don't have one by now. If the manufacturers want to keep selling EVs, they'll need to figure out how to replace the 2015 Accords and Tahoes without access to charging at home.

[aftbit]

Hi! I'm one of these people. All three of those conditions are true for me, and yet I don't own an EV. Why? Because it seems like the technology is going to be much much better and cheaper in 5 years or less, and I'd hate to drop a big ball of cash on a new EV today when I can probably get either a better new one or a cheaper used one in just a couple of years.

[pr0zac]

I've been thinking about this same thing lately since I will soon fit those conditions as well and I think at least for me personally this year may be the best time to buy one.

While I agree the technology will be better and cheaper 5 years from now that will always be the case and it seems like we are past the point of exponential improvements in short periods of time. Current EVs meet or exceed my needs regarding range, reliability, and performance so I don't have a quantitative goalpost that needs to be reached anymore.

What is really pushing me over the line though is changes to the relevant financial incentives. The new income caps mean I still qualify for the $7,500 tax rebate because I took a bunch of time off work in 2023 but will no longer be eligible after this year. I can't see the technology improving so much in the next few years it outweighs that discount combined with not having to wait.

[qaq]

It's obviously a matter of personal priorities. Someone might opt for 5 years of convenience vs potentially saving 10K and other person might opt to wait 5 years and save 10K.

[insane_dreamer]

This is why we're leasing our EV for 3 years.

[cmrdporcupine]

Eh, I don't see it. Not a lot has changed in the last few years. They're all using lithium ion battery packs built around similar tech, and around 60kWh seems to be the standard sweet-spot. L2 charging is the most common (at home especially), and that hasn't changed in over a decade. They mostly have similar propulsion systems and similar efficiency. The good ones all have battery heating/cooling to extend battery life, and have for some time.

The only major thing that has really altered has been the speed of DC fast charging. Which, TBH, is something that is only used on road trips, and takes a toll on battery life if you use it frequently anyways. So while I'd love an EV with really high kW DC fast charge, it's not something I'd make as my primary concern.

FWIW, I'm in a 2017 Chevy Volt and drive it 95% electric only and have felt no real urge to upgrade. I'd love a bigger battery, and DC fast charge, I guess. But the actual electric driving experience isn't appreciably different on newer BEVs. I'll drive it into the ground for another 5 years, and then get an EV with a bigger battery.

Toyota and others have spread a bit of FUD with promises of solid state batteries and the like, but I actually think EV technology right now is pretty mature and good. What's needed is infrastructure for apartment buildings, and city streets etc. for charging and that will only happen once consumers push for it.

And, yeah, vehicle makers need to make economy-class EVs. That just hasn't happened yet in North America even though it absolutely could with battery prices being what they are now.

[LUmBULtERA]

Uh, that market is far far from tapped out. Just drive around any neighborhood that likely fits those characteristics and the vast majority of cars you'll see are still ICE (maybe hybrid).

[light_hue_1]

You definitely don't need a second ICE car for long trips. We don't have one. Long trips in our EV work perfectly.

[wepple]

To say “definitely” don’t need one with near zero information on what a long trip constitutes is wild.

Do you tow anything on your long trips? Go into extremely cold environments? Go into areas with no or minimal charging infrastructure? Does the endpoint of your journey lack power outlets?

[mikrotikker]

How do you camp in the remote wilderness?