Re: [EVDL] EVLN: EV Drivers Love 'Em, But Don't Buy 'Em, Why Leasing Rules Big

[Ben Goren via EV]

On Oct 23, 2015, at 12:29 AM, brucedp5 via EV  wrote:

> It's essentially down to the "smartphone mentality," the report says: buyers
> aren't interested in keeping their cars long term, because they expect
> something better to supersede them fairly soon.

I really, really hope this trend is short-lived. Trading gas-powered cars that 
stay on the road for a couple decades for electric vehicles that stay on the 
road for a couple years isn't going to do the planet any favors.

I think a good way to put the brakes on this trend...would be a real promise 
for battery upgrades.

b&
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Re: [EVDL] EVLN: EV Drivers Love 'Em, But Don't Buy 'Em, Why Leasing Rules Big

[Peri Hartman via EV]

It might - do good, that is.  The faster used EVs get cheaper, the 
faster we'll get ICEs off the road. So what if the early adopters keep 
their EV 2 years and get another EV.  As long as they don't revert to an 
ICE, who cares?


Peri

-- Original Message --
From: "Ben Goren via EV" <ev@lists.evdl.org>
To: "brucedp5" <bruce...@operamail.com>; "Electric Vehicle Discussion 
List" <ev@lists.evdl.org>

Sent: 23-Oct-15 12:32:39 PM
Subject: Re: [EVDL] EVLN: EV Drivers Love 'Em, But Don't Buy 'Em, Why 
Leasing Rules Big


On Oct 23, 2015, at 12:29 AM, brucedp5 via EV <ev@lists.evdl.org> 
wrote:


 It's essentially down to the "smartphone mentality," the report says: 
buyers
 aren't interested in keeping their cars long term, because they 
expect

 something better to supersede them fairly soon.


I really, really hope this trend is short-lived. Trading gas-powered 
cars that stay on the road for a couple decades for electric vehicles 
that stay on the road for a couple years isn't going to do the planet 
any favors.


I think a good way to put the brakes on this trend...would be a real 
promise for battery upgrades.


b&
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Re: [EVDL] EVLN: EV Drivers Love 'Em, But Don't Buy 'Em, Why Leasing Rules Big

[Mark Abramowitz via EV]

On Oct 23, 2015, at 12:32 PM, Ben Goren via EV  wrote:
> 
>> On Oct 23, 2015, at 12:29 AM, brucedp5 via EV  wrote:
>> 
>> It's essentially down to the "smartphone mentality," the report says: buyers
>> aren't interested in keeping their cars long term, because they expect
>> something better to supersede them fairly soon.
> 
> I really, really hope this trend is short-lived. Trading gas-powered cars 
> that stay on the road for a couple decades for electric vehicles that stay on 
> the road for a couple years isn't going to do the planet any favors...


There's no reason why the cars won't remain on the road for many years. They'll 
just go to new owners. This is a good thing, as there will be EVs trickling 
down to all socioeconomic levels at a faster rate.
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[EVDL] EVLN: EV Drivers Love 'Em, But Don't Buy 'Em, Why Leasing Rules Big

[brucedp5 via EV]

http://www.greencarreports.com/news/1100513_electric-car-drivers-love-em-but-dont-buy-em-why-leasing-rules
Electric Car Drivers Love 'Em, But Don't Buy 'Em: Why Leasing Rules
By Stephen Edelstein  Oct 19, 2015

[images  
http://images.thecarconnection.com/lrg/2016-nissan-leaf_100527037_l.jpg
2016 Nissan Leaf

http://images.thecarconnection.com/lrg/chevrolet-bolt-ev-concept-2015-detroit-auto-show_100496689_l.jpg
Chevrolet Bolt EV concept, 2015 Detroit Auto Show

http://images.thecarconnection.com/lrg/2016-fiat-500e_100524801_l.jpg
2016 Fiat 500e
]

Electric-car drivers love their vehicles, but that doesn't necessarily mean
they're interested in long-term commitments.

It turns out that the majority of drivers currently lease their plug-in
cars, rather than buy.

Excluding Tesla (which does not release detailed sales information), leasing
represents about 75 percent of the electric-car market in 2015--and it was
80 percent in 2013 and 2014.

In comparison, leasing accounts for only about 28 percent of the overall car
market--and 49.5 percent of the luxury-car market, where it's traditionally
been most popular.

That's because consumers see multiple advantages in not buying their
electric cars outright, according to CNBC.

It's essentially down to the "smartphone mentality," the report says: buyers
aren't interested in keeping their cars long term, because they expect
something better to supersede them fairly soon.

Right now, that's not an unreasonable assumption.

The Tesla Model 3 and Chevrolet Bolt EV are both expected to arrive in or
around 2017 with 200-mile ranges, and a redesigned, second-generation Nissan
Leaf is expected soon as well.

And while many electric cars carry a price premium over comparable
internal-combustion models, lease-rate comparisons are more favorable.

There are currently seven electric-car models being offered with leases
lower than $200 per month for 36 months.

This is because Federal, state, and local incentives are rolled into the
price of a lease, along with any discounts applied by the manufacturer or
dealer.

Incentives like the $7,500 Federal tax credit for electric cars go to the
owner--in this case the finance company holding the lease.

That means dealers can apply it to the rate of a lease, lowering the price
immediately. Individual buyers have to wait until they file their taxes to
receive the discount.

When combined with manufacturer and dealer incentives, this can dramatically
lower the monthly cost of a new electric car.

Back in March, a combination of incentives and discounts on the Fiat 500e
led to some California buyers getting leases at $82.75 per month for 36
months.

Drivers who lease also don't have to worry about residual values.

Concerns about range, battery life, and the "smartphone mentality" may be
keeping the values of cars down when they come off leases, according to
CNBC.

While most cars retain 40 to 50 percent of their original value after three
years, that figure is more like 25 to 30 percent for electric cars.
[© greencarreports.com]



https://thenewswheel.com/three-quarters-of-ev-drivers-dont-buy-their-cars/
Three Quarters of EV Drivers Don’t Buy Their Cars
October 20, 2015

[images  
http://thenewswheel.com/wp-content/uploads/2015/05/Supporting-TreesCount-20-BMW-i3-Electric-Cars-Donated-to-New-York-City-Parks-side-view.jpg
Supporting TreesCount! 20 BMW i3 Electric Cars Donated to New York City
Parks side view
]

Beyonce would be disappointed in electric car drivers. According to CNBC,
while electric car drivers love their vehicles, most of them simply aren’t
putting a ring on it, with 75% of all EV drivers leasing their vehicles
(this number excludes Tesla, which isn’t really forthcoming with any
specific numbers, and whose unique sales model makes it so leasing data is
not shared with industry trackers).

While this is a light improvement on the 80% of EV drivers in 2013 and 2014,
this percentage is far, far more than leasing numbers in the car sales
industry as a whole, which comes in at 28%. EV leasing even beats luxury car
leasing, which is much more common than the industry as a whole at 49.5%.

The main reason, CNBC thinks [
http://www.cnbc.com/2015/10/17/ric-cars.html
], is it doesn’t make long-term sense. To begin with, electric vehicle
technology has been rapidly improving over the past several years, with
range increasing from year to year. With technology advancing so rapidly, it
doesn’t make much sense to commit financially to a car which will soon be
outclassed.

On top of that, leases on EVs can be significantly less expensive than
leases on more mainstream vehicles. This is because any state or federal
incentives on the sale of EVs generally go to the owner of the vehicle—in
the case of leasing, the dealer. While a driver buying an EV has to wait
until the end of the year to reap these benefits, the dealer can apply them
to the lease payment right away.

Besides, EVs are generally more expensive right now. Perhaps, once