States and countries are putting bans in future EV sales. Car companies are quickly transitioning over to EV cars. Eventually car companies won’t even make gas cars, then there will be country wide bans on sales of new gas cars.
For example New York state put a ban on all gas stoves and furnaces in newly built homes.
I saw news reports that a EV battery costs $12,000, $18,000, $24,000 - $30,000. This is due to all the rare earth metals like lithium that has to be mined in other countries like Asia.
Due to the rarity of materials in the EV batters and the huge size of the battery, and the complexity of the installation, is this going to basically price people out of buying used cars?
If you see a affordable Jeep for $8,000…and the battery is worn out and all you have is a 50 mile range, and the cost of replacement costs $11,000…then that car is $19,000…and there fore not affordable.
So all used cars will be $15,000 - $25,000…and you will be stuck with monthly car payments of $500-$700/month including insurance.
We could be facing a future where the cheap car in cash is over and everyone has to make car payments.
Well guess what, if you buy a new ICE vehicle replacement of engine and drive train is also $12,000, $18,000, $24-$30,000 depending on make model and engine. Newer engines have become more complex and more expensive. No one says - I dont want to buy this vehicle because replacing the engine and transmission costs X or Y and unless you are buying a used vehicle with very high mileage on it no one thinks about the cost of replacing the engine and transmission on a $8,000 jeep (I just traded in a 10 year old jeep w transmission problems and the cost of the transmission was more than the value of the vehicle, in the same range of what you are concerned about for battery replacement costs).
In short - this is an absolute logical fallacy and irrelevant discussion for purchase of new or used vehicles. Move along and ignore the nonsense.