Gas Cars Could Become Worthless as Transportation by 2031, Analyst Predicts
The author predicts that by 2031, ordinary gasoline and diesel cars in the US will have negative value as transportation, as cheap used EVs become available. They point to Norway and China as leading indicators, where EV adoption has surged. The article argues that the cost of fuel and maintenance will exceed the car's value, similar to how horses lost their role in mainstream transport.
Expanded Detail
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Norway’s new-car market is nearly fully electric, yet its overall fleet remains
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Original headline: “Stranded Asset, What Happens When A Gas Car Becomes Worth Less Than Zero As Transportation?.” Browse more stories.