[Martinjlm]

Originally Posted by Devstrike

The other thing that affected EVs that you did not mention in your list about EVs is the price. Right now most if not all EVs are more expensive then ICE counterparts. Take a Honda Civic price for example and then look at an EV version matching the size etc that Civic is and you will see it will be much higher. If they wanted more people to transition the prices need to come down significantly more.

That's true for people who buy. For people who lease, the residual value is more important than the actual sales price. The residual value (assigned vehicle value at end of the lease period) is how manufacturers build all of these "can't ignore" deals for vehicles, both ICE and EV. That's how Dodge moved so many 5.7L Chargers and Challengers, at least in the Detroit area, back in 2018 - 2021. "Hemi" Challengers for $219 / month. No wonder they were everywhere. It all comes down to how much down payment for how many months and how many miles.

Which would you rather have...

• A Midsized crossover EV with 319 mile range for $46,500.
• A Midsize crossover for $0 down, $332/month, 20,000 miles allowed for 24 months.

What if I tell you they are the exact same vehicle? GM gamed the residual value for the finance company that offered the lease. Even if I wanted to buy the car day 1, leasing it made so much more sense. Then if I want to buy it at the end of the lease I can. Or I can turn it in and move on.