Tesla CEO Elon Musk recently said that the residual value of gas cars is expected to decline in the coming years. He also pointed out that Tesla cars will be even more valuable as assets due to the “Full-Autonomy” capability they already have. So Tesla is considering increasing the price of the “Full-Autonomy” option.
Meanwhile, Tesla CEO warned that buying gasoline-powered cars is now a risk due to the potential for a short payback period. Musk also responded to a comment about the “tipping point” of electric vehicles, at a time when most people are realizing that the electrification of the automotive industry is inevitable.
According to Electrek, Musk made this announcement because he wanted to inform the public. In fact, this was the main reason why he created the Electrek website in 2013. According to the website, it is still unclear if and when Tesla vehicles will be more valued as income-generating assets, but what can be estimated with more certainty is that the depreciation of gasoline-powered cars will accelerate drastically. It is also reported that buying a new gasoline-powered car is risky, considering its potential resale value in five years. The electrification of the automotive industry, which is set to accelerate significantly in the coming years, will have a bigger impact than people expect, and in a short time. It is also emphasized that as new electric devices flood the market in the coming years, consumers will adopt this mindset and therefore, even if they are not ready to buy a new electric car, they will avoid buying a new gasoline car, fearing its resale value. Most automakers are probably not ready for this development. Finally, it is expected that demand for electric cars will begin to significantly exceed production between 2022 and 2025.
