this post was submitted on 06 Apr 2026
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Who are these people that just go out and buy a car because gas prices went up? Does going into debt and paying interest on a loan make sense just to save a few bucks on gas?
They are probably people that were already looking or anbout to start looking for a new car and pivoted to EV based on current conditions.
Doesn't take much research to conclude the used EV market values are driven by ignorance and are a bargain right now.
A 3 year old Ioniq5 is less than half the price of new, $28,000 go poof. Buying new EVs at >$50,000 makes no sense , but buying slightly used EVs at $12K-$24K makes total sense.
And even if the battery is degraded with maybe 5%, it's still an amazing car.
Lets say you needed to replace the battery one day anyway. You'll have saved on every other reparation, because EVs dont have moving parts that breaks all the time like in old cars.
just goes to show how people overreact to gas prices. they could have bought a <$25k used EV last year and saved $4k with the EV tax rebate. $4k is equivalent to $33/month over 10 years.
I mean, they could just drive less or drive slower.
The EV demand changes reflect the population that is currently looking for a new car (have the money and are willing to buy) and people were previously "on the margin", those who weren't looking to buy a car immediately (more like sometime in the next 6-18 months), but due to fuel price changes they have now moved into the first group.
I just got a used ev. I needed something else because my car was having issues that would be expensive to fix, and wanted an ev anyway, so the decision wasn't at all motivated by gas prices, even though the timing was. I didn’t want to wait and have used car prices skyrocket to the point i couldn't afford one.
Maybe. The average driver is spending just under $200 per month now on gas (14000 miles per year at 20mpg, gas $3/gallon - you can adjust numbers as you want, these are reasonable but some cars better fuel ecconomy) if you drive more than average it is possible to make payments on fuel savings in some cases.
or in my case the old car was going to be replaced anyway. Paymets were a given, so saving over $100 a month in fuel was a nice bonus. There are a lot of people who are buying something different anyway who care about their budget.