Musk is sure that cars with ICE will soon turn into a pumpkin

Musk is sure that cars with ICE will soon turn into a pumpkin

February 17, 2020 0 By autotimesnews

Elon Musk warned those who wish to purchase a new car about “a fall in the residual value of gasoline and diesel cars in the coming years.” And Tesla, Musk is sure, will only go up in price, as he will become smarter.

Last year, the head of Tesla, Elon Musk, said that by acquiring the company’s electric vehicles, you are investing in the future. According to him, in a few years, Tesla acquired today can be sold five times more expensive. That is, unlike an ordinary car, which since the moment of purchase only falls in price, this asset will grow, writes Electrek.

This will happen thanks to the autopilot system, which will become better and more expensive. Musk later confirmed that he plans to “significantly” increase the cost of the Full Self-Driving option over time: “Please note that the Tesla Full Self-Driving option will gradually increase in price.”

When asked if he had this in mind when he spoke of the Tesla electric car as a “growing asset,” Musk answered in the affirmative.

In addition, Musk emphasized that soon buying fossil fuel vehicles would be completely unprofitable, as their residual value would plummet.

Musk supported the statement of one of the electric vehicle enthusiasts on Twitter, who wrote: “Who in your mind will buy ICE after 2025, knowing that its residual value will turn into zero?” However, it is not only a fall in prices due to wear and tear. In some European countries it will be impossible to buy a car with an internal combustion engine in 10 years. In August last year, the company showed a parking autopilot in action – the Summon function, thanks to which the car itself drives up to the owner in the parking lot. And in December, she promised the long-awaited Full Self-Driving, at least in a trial mode.