Prices for even 200k mile used vehicles are skyrocketing and cheap new cars simply don’t exist. Yes, ICE is the majority of vehicles out there, especially in rural areas, but they are more expensive and less available than ever. 10 years ago I bought a 100k mile Volvo wagon for $10k, put 50k more miles on it then sold it for $5k; if I wanted to buy the exact same car back today with 250k miles i would need to pay $15k for it. As manufacturers shift to EVs that problem is only going to get worse.
Prices for even 200k mile used vehicles are skyrocketing and cheap new cars simply don’t exist. Yes, ICE is the majority of vehicles out there, especially in rural areas, but they are more expensive and less available than ever. 10 years ago I bought a 100k mile Volvo wagon for $10k, put 50k more miles on it then sold it for $5k; if I wanted to buy the exact same car back today with 250k miles i would need to pay $15k for it. As manufacturers shift to EVs that problem is only going to get worse.