All the news about electric vehicles being manufactured may
make you wonder if traditional gas-powered cars and trucks will still be available?
In all likelihood, some vehicles, particularly trucks, will still be made in
gas or diesel engines.
Some manufacturers committed in 2021 to end the sale of gas-powered vehicles by 2040, although that agreement is not legally binding. Some states are also legislating the percentage of electric vehicles (EVs) to be sold leading up to that date.
Gas engines are not expected to become obsolete, at least
for several decades. There are so many gas-powered cars on the road with lots
of life left, as well as repair shops to keep them operating.
Because of the need for towing capacity, many think that
heavy duty trucks will always have a gas or diesel-powered option, as well as semi-trucks
and agricultural vehicles.
It remains to be seen what the depreciation impact is on EVs
versus gas-powered vehicles. Car
and Driver has estimated an EV loses about $6,000 per year in depreciation
while a gas-powered vehicle loses about $2,500 per year. The difference in the
depreciation loss is estimated at more than $12,000, which many say could purchase
a lot of gasoline. Operating costs are significantly lower for EVs, at least
until a new battery is needed.
There are still many issues to be decided as the world’s
transportation moves to increasingly electric-powered cars and trucks. At Melloy Dodge in Albuquerque, we’ve served
the region’s transportation needs since 1955. Our goal is to be at the
forefront of the automotive marketplace, offering vehicles for today’s drivers,
an industry-leading service department,
and financing for a vehicle purchase. As Stellantis debuts electric Dodge and
Ram models, we’ll be here to serve customers.
