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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Whatever the naysayers argue, electric cars will replace the gas cars in the next 5-10 years, that is taking over 50% of the car sales market. Everyone can have their own reasoning, rage anxiety, being fond of noise etc., whatever floats your boat. But the truth is electric cars are better, higher performance and to a degree cheaper (total cost of ownership).

It’s pretty clear where things are going regarding cars. If I were to buy a car today, unless I will hold it for over 10 years, I’d go electric just so it doesn’t depreciate in value considerably.[/quote]

I just bought a Toyota hybrid. My hybrid might be a dinosaur in 5 years, but your electric car will be too since tech is changing so rapidly.

I don't think depreciation is a great argument for buying electric right now. I think you buy what works for your own situation and hope for the best. [/quote]

Why hope if you can make an daycares estimate. Depreciation matters if you want to sell the car after 5 years and get a new car see this example
Tesla 3, $35k, depreciation 35%.
Prius, $25k, depreciation 50%.

You lost about the same amount in depreciation after 5 years, but I am betting the cost of maintenance and fuel was higher for the Prius. On top of that you used a luxury car with the Tesla with a lot of features and not a very nice car for the Prius, which is quite ugly and doesn’t drive that well.

Of course you need to consider other costs like insurance, taxes, rebates, etc, maintenance and so on, so say you are about to buy a new car.

I would choose a bare bones Tesla 3 over a Prius any day (and I have). I think it’s hard to make an argument for a Prius under these conditions.
It’s even harder to make the same argument for a BMW, Mercedes, Lexus or Audi, which is why Tesla is absolutely clobbering them in the small/medium luxury segment.

So Tesla doesn’t directly compete exactly with Prius on the cost, but it does compete for the same customers and typically wins them over. If you check which cars are the most traded in for a Tesla, that’s Honda, Toyota and Ford, plus the luxury brand I mentioned before.
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