While the average age of a vehicle on the road is 11 years, that will probably change. We will call it the Cuba effect. If something is unavailable (affordable personal transportation) people will do what ever it takes to have said item. When our 17 year old Honda Pilot died last year, I was faced with either a $4,000 repair bill or a new car. We opted for a new $25,000 Honda Accord. If my only choice had been a $50,000 EV, I probably would have fixed the Pilot. So unless the government bans the sale of gasoline in say 2050, used ICE vehicles will become more valuable, be in service longer and Ford and gm execs will be wondering why government edicts aren't moving cars off their lots.
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