GETTING AN ELECTRIC CAR IS HARDER NOW THAN EVER BEFORE

EV Channels Review

The video highlights a significant challenge for prospective EV buyers in the current market, citing inflated used car prices, long waiting lists for new EVs, and infrastructure strain as major deterrents. The hosts express that entering the EV market is harder now than ever before, predicting a tough three to five years ahead. While acknowledging improvements in charging infrastructure, they note that increased EV sales have outpaced charger availability, leading to queues. Used EV prices are described as 'mega inflated,' with entry-level models costing significantly more than a few years ago, often with limited range. New EVs face extensive waiting times, sometimes up to two years, and the evaporation of discounts means prices are often at or above MSRP. Finance rates are also increasing, making ownership more expensive. The overarching conclusion is that there's little buyers can do but 'weather the storm,' either by accepting the current high costs and long waits or delaying their EV purchase. The advice for those who can afford it now is to buy, as prices are expected to continue rising in the short to medium term.