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Elon Musk Warns Car Buyers That ‘Gas Cars’ Residual Values Will Plummet In Coming Years’

Electrek

Tesla CEO Elon Musk aims for Tesla vehicles to become revenue-generating assets for their owners and also warns that it’s a risk buying gasoline cars due to the potential for an accelerated depreciation.

The electrification of the auto industry is getting ready to accelerate significantly in the next few years, and it will have a broader impact than people think in a shorter timeframe.

With all the new EVs hitting the market in the next few years, car buyers will adopt the same mind-set that electric vehicles will take over and even if they are themselves not ready to buy a new electric car, they will not buy a new gasoline car in fear of the resale value.

Read the article at Electrek.

Feb 9, 2020connieshedron
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