At almost 50, I’ve only bought one new car - a foolish extravagance back when I was ~26. I don’t imagine buying another unless I figure out how to earn a 7-figure salary. New cars are the domain of the ultra wealthy or foolish and high interest rates probably don’t deter either group.
There’s obviously going to be a problem if interest rates are high.
Then people can’t substitute the expense of petrol in the future with a capital outlay right now.
But hybrids have a very limited future in passenger cars, especially since batteries aren’t incredibly expensive.
Shh, Elon fans don’t understand the time-value of money.
25% is the EV market share of Teslas in Sweden, where the commenter you replied to (and me) lives. Hardly Elon fanboys. Plenty of other good options.
At almost 50, I’ve only bought one new car - a foolish extravagance back when I was ~26. I don’t imagine buying another unless I figure out how to earn a 7-figure salary. New cars are the domain of the ultra wealthy or foolish and high interest rates probably don’t deter either group.