When we get to 2030 and 2035, if the rules aren’t changed, the value of used petrol and hybrid cars will inevitably increase as the infrastructure for EVs will not be adequate by those dates and people will still need to be mobile.
Afternoon wigwam, neither can I see the infrastructure for EV’s to adequately cope EV’s untill at least the 2040’s or even later. The ban on the sale of new ICE cars I can see going ahead as planned (2030). However I’m very sceptical on the ban on hybrid cars will be 2035 and can see this date push back at least another 5-10yrs, but no one know for certain what will happen
At the moment used car values are still high, if markets haven’t returned to normal come 2030, I submise the value of used ICE vehicles will still remain high. However once the markets have returned to normal and taking in account the 2030 ban, I expect the used price’s for ICE only cars to be impacted some what by normal trends. The unkown is at this stage will it have an additional impact of 1% 10% or 20% for example on used prices. The bproblem is we don’t know, which is why I said in my last comment ” its fair to say (maybe the case)” essentially making a hybrid the safer bet now.