Originally Posted by Schweden

Car technology is advancing way too rapidly to know when our cars will be obsolete. In Canada, the government has promised carbon tax increases that will take gas prices to 5 USD a gallon in 2030 at current oil prices. Assuming they don't get voted out before that happens, that could tank relevance of the RX and depress resale prices. Conversely though, very low resale would make choosing to endure the extra $1,000 a year or so in gas more likely.

I'm assuming that I'll keep my 2020 RX350 until 2030 and that the residual value by then will be negligible. With my driving habits, that will be just over 120k miles. Cars are advancing so rapidly that even current EVs might be a bit obsolete from stuff like battery advancements and whether they're actually equipped with enough sensors/cameras for full self driving. I'd say that the current vehicles that will still be relevant in 10 years time will be vehicles that tow and/or offroad such as the F-150. Even though EV pickups are coming out, charging a 200 kWh battery pack every 1.5 hours will still be an issue.

Originally Posted by DocRock

The average age of a vehicle on the road in the US in 2020 was 11.9 years. With new car prices rising, the average age may increase over the coming years. So, in 2030, the average vehicle on the road could be a 2018 MY or earlier. Attempting to "tax out of existence" 100-200 million ICE-powered cars would come at a dear cost as the subsidies necessary to put lower-income households in EVs will have to be substantial. And, of course, the infrastructure to support a (mainly) EV world will have massive costs.

https://www.caranddriver.com/news/a3...0road%20higher.