“ But it’s also the result of the price and performance of EVs improving so rapidly that many major countries — like China, India, the UK, and France — are planning to ban or phase out gas-burning cars in the coming years.“
Electric cars may already be making gas cars as obsolete as ‘flip phones’, experts say
Buying a gas car today would leave you with a financial “albatross” that has little resale value, warns Wall Street Journal.
Just last week, Wall Street Journal auto columnist Dan Neil discussed why buying a new internal-combustion (IC) engine car would be a big mistake — the equivalent of buying a flip phone in a world of smart phones.
“This is above all a pocketbook issue for me,” Neil writes. “A gas-powered vehicle would be too expensive.”
This financial calculus is based not just on the fact that electric vehicles (EVs) have become technologically superior in every respect and have a vastly lower operating cost. But it’s also the result of the price and performance of EVs improving so rapidly that many major countries — like China, India, the UK, and France — are planning to ban or phase out gas-burning cars in the coming years.