Quote Originally Posted by Optimistic Nick View Post
I think something is going to snap in about 3 years. I am not sure how long the government is going to maintain the tax benefits for electric cars - currently they are effectively an entirely tax-free benefit. If they turn the tap off, everyone is going to hand back the keys and the market is going to be absolutely flooded, which will push down prices in the second hand market. Plus the technology means that stuff is going to become obsolete far quicker? Dunno. But I am hopeful that the gap in cost between electric and ICE will reduce greatly in the coming years.
In response to the point about technology becoming obsolete, I believe the opposite is happening. If I use Tesla as an example they provide over the air updates to all cars, so one morning you can get in your car to go to work and it will have had a whole software upgrade, much like how an Iphone will get a upgrade.

One such update actually optimized power usage and increased the range of older cars. Imagine getting into your old petrol car one day and your MPG has increased with a free update, that is essentially what is currently possible with electric cars.