- Oct 9, 1999
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I liken the craze of the electric vehicle to that of a smart watch. Many desire them over a traditional watch. They want the best and will pay for it. The problem is that it will be replaced in 2 to 3 years with the next new shiny. 5 years at most. The expensive luxury watches of the past, mechanical with no digital screen for superfluous features, retain and gain value over years and decades. Some have the smart watch for daily use and a luxury mechanical for a nice night out. Similar to my situation with cars.
I have an electric vehicle and an ICE vehicle. 2019 e-tron and 2022 R8. I have no emotional connection to the e-tron like I do with the R8. It gets me from point A to point B in comfort without the need of gas. I have about the same connection to it as I do with my refrigerator or coffee machine. It's an appliance I plug into the wall. It will eventually be replaced by another electric vehicle to carry on daily driver activities. May go to another owner for a bit. Landfills after that when the cost of battery replacement exceeds the value of the vehicle.
The R8 I do have a connection to. It may very well be my end game ICE car I keep until I die. The sound, aesthetics, handing, and uniqueness provide feedback that's near impossible not to fall in love with. Given regular maintenance, the complex mechanical engine will last for several decades. Values have been holding steady while electric vehicle prices have plummeted (thanks Tesla). While I could have gotten $180K+ for my R8 middle of last year during the car buying craze, the value has only dropped maybe 5% to 8% since then. Still over MSRP of a similar '23 R8. The reason of course is demand. Supercar values across the board are holding or increasing in value. People want one now before a flurry of emotionless samey electric vehicles take over. Vehicles that will be replaced by those that want the next mainstream thing their neighbor next door is getting.
I have an electric vehicle and an ICE vehicle. 2019 e-tron and 2022 R8. I have no emotional connection to the e-tron like I do with the R8. It gets me from point A to point B in comfort without the need of gas. I have about the same connection to it as I do with my refrigerator or coffee machine. It's an appliance I plug into the wall. It will eventually be replaced by another electric vehicle to carry on daily driver activities. May go to another owner for a bit. Landfills after that when the cost of battery replacement exceeds the value of the vehicle.
The R8 I do have a connection to. It may very well be my end game ICE car I keep until I die. The sound, aesthetics, handing, and uniqueness provide feedback that's near impossible not to fall in love with. Given regular maintenance, the complex mechanical engine will last for several decades. Values have been holding steady while electric vehicle prices have plummeted (thanks Tesla). While I could have gotten $180K+ for my R8 middle of last year during the car buying craze, the value has only dropped maybe 5% to 8% since then. Still over MSRP of a similar '23 R8. The reason of course is demand. Supercar values across the board are holding or increasing in value. People want one now before a flurry of emotionless samey electric vehicles take over. Vehicles that will be replaced by those that want the next mainstream thing their neighbor next door is getting.