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When buying a new car (a new car buyer typically does not have the same mindset as someone buying a second hand car) people are thinking ahead further than the current petrol price.

People buying new vehicles aren't scratching around for loose change, living hand to mouth. Buying a new car is a choice to spend more money than you need to.

Currently, the percentage of total new vehicles which are EVs is still very low. Demand far exceeds supply.

We have seen an interesting situation over the last two or three years with car manufacturing slowing down due to ridiculous lockdowns etc. The price of second hand vehicles has increased due to a lack of total vehicle supply. This will inevitably push demand for new vehicles up. It's still more cost effective to buy second hand, but more people will be keen to buy new when the price difference is more narrow.

Ask almost anyone if they would prefer an EV or a petrol vehicle. We all know what the majority will say.

Keep in mind that it is the people buying new vehicles (the ones with the most money) who determine what the people who buy second hand vehicles will have to choose from a few years down the track.

I can't see how the number of new EV sales could not continue increasing rapidly for the next few years, short of all out catastrophe well beyond what most currently-living people have seen in their lifetimes (probably not as unlikely as many of us would like to think, but in that scenario you probably want to be investing in canned food, guns, ammo and survival courses).

<blockquote data-quote="Sdajii" data-source="post: 1204710" data-attributes="member: 30808">When buying a new car (a new car buyer typically does not have the same mindset as someone buying a second hand car) people are thinking ahead further than the current petrol price.People buying new vehicles aren&#039;t scratching around for loose change, living hand to mouth. Buying a new car is a choice to spend more money than you need to.Currently, the percentage of total new vehicles which are EVs is still very low. Demand far exceeds supply.We have seen an interesting situation over the last two or three years with car manufacturing slowing down due to ridiculous lockdowns etc. The price of second hand vehicles has increased due to a lack of total vehicle supply. This will inevitably push demand for new vehicles up. It&#039;s still more cost effective to buy second hand, but more people will be keen to buy new when the price difference is more narrow.Ask almost anyone if they would prefer an EV or a petrol vehicle. We all know what the majority will say.Keep in mind that it is the people buying new vehicles (the ones with the most money) who determine what the people who buy second hand vehicles will have to choose from a few years down the track.I can&#039;t see how the number of new EV sales could not continue increasing rapidly for the next few years, short of all out catastrophe well beyond what most currently-living people have seen in their lifetimes (probably not as unlikely as many of us would like to think, but in that scenario you probably want to be investing in canned food, guns, ammo and survival courses).</blockquote>

[QUOTE="Sdajii, post: 1204710, member: 30808"] When buying a new car (a new car buyer typically does not have the same mindset as someone buying a second hand car) people are thinking ahead further than the current petrol price. People buying new vehicles aren't scratching around for loose change, living hand to mouth. Buying a new car is a choice to spend more money than you need to. Currently, the percentage of total new vehicles which are EVs is still very low. Demand far exceeds supply. We have seen an interesting situation over the last two or three years with car manufacturing slowing down due to ridiculous lockdowns etc. The price of second hand vehicles has increased due to a lack of total vehicle supply. This will inevitably push demand for new vehicles up. It's still more cost effective to buy second hand, but more people will be keen to buy new when the price difference is more narrow. Ask almost anyone if they would prefer an EV or a petrol vehicle. We all know what the majority will say. Keep in mind that it is the people buying new vehicles (the ones with the most money) who determine what the people who buy second hand vehicles will have to choose from a few years down the track. I can't see how the number of new EV sales could not continue increasing rapidly for the next few years, short of all out catastrophe well beyond what most currently-living people have seen in their lifetimes (probably not as unlikely as many of us would like to think, but in that scenario you probably want to be investing in canned food, guns, ammo and survival courses). [/QUOTE]

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