Lifestyle

Stop Buying ICE Cars, Their Values Will Plummet In Coming Years. – Elon Musk

UK plans to ban all ICE (Internal Combustion Engine) cars in 2035, YES! All Of Them!.

British prime minister Boris Johnson announced that a ban in the UK on selling diesel and petrol cars would be brought forward from 2040 to 2035 at a launch event for the November UN climate summit (COP26) in Glasgow. The new ban now includes hybrid and plug-in vehicles.

This news broke out last week Wednesday and caught the attention of Tesla CEO Elon Musk.

Residual values for gas/diesel cars will plummet in coming years.

After the UK ICE ban news broke last week, a fan of Elon Musk went ahead and shared is opinion about the news:

“UK to ban all ICE cars from 2035! Many others will follow. #Tesla have proven 100% that EV cars are globally viable & superior. Who in their right mind would buy an ICE after 2025 knowing its residual value will be zilch? Legacy auto: go EV or go BUST!” – sam

This tweet caught the attention of Elon Musk who responded with:

Elon Musk is known to have adviced potential customers to buy Tesla cars because he believes Tesla vehicles are appreciating assets.

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