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> I'm pretty sure Europe does as well

Does it? A cursory search seems to put an (used) EV at around 10k$ at best. Poor people definitely do not drive 10k$ cars here. Hell, even my tech-adjacent friends in their twenties rarely own anything more expensive than 3k$-ish.




They may not drive a $10k used ICE, but if you add up the cost in fuel & oil changes, it's likely equivalent.

The real problem is that right now a $10k used EV is almost certainly an old Leaf or Kia Soul EV etc with extremely low range and degraded battery (because they lacked proper thermal mgmt, mainly). So they're not really directly usable by most people. This will eventually change though; in 10 years there'll be boatloads of Model 3s or Ioniqs or Bolts etc on the used market. And yes, they'll be more expensive than a used ICE but they'll also be cheaper to maintain.


The scrap value of a car is now $3k, so cars that actually run are north of that price these days.




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