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Elon Musk prophesies the downfall of fossil fuel cars

"The residual value of gasoline / diesel cars will sink in the coming years", warns Elon Musk, the president of Tesla, the American company that is one of the most outstanding electric car manufacturers and whose stock market value has already exceeded the sum of General Motors, Ford and Fiat-Chrysler. "It is super important", says Elon Musk, that whoever buys a car in the coming years is aware that, he guarantees the entrepreneur, he is facing a "choice between buying an electric vehicle or losing a lot of money".
Elon Musk's comment appeared on Twitter, in response to a post created by a British analyst who talked about the ban on vehicles with internal combustion engines (diesel and gasoline) in the UK from 2035. Strictly speaking, what was announced by the prime minister, Boris Johnson, was the five-year anticipation of the ban on the sale of new gasoline and diesel vehicles, to accelerate the reduction of carbon emissions and combat climate change.
The analyst, who makes it clear on his Twitter account (@SamTalksTesla) that he is also an investor in Tesla's shares, stated that “several other countries” will launch similar bans, so he leaves the question: “who is it, in their right mind , would you buy a car with an internal combustion engine after 2025 knowing that its residual value will be zero? ”.
For this reason, the analyst said, when it comes to "automotive legacy", you have to choose between choosing an electric vehicle or losing a lot of money. Elon Musk decided to comment then, saying that this is a message "super important for car buyers: the residual value of gasoline / diesel cars will sink in the coming years".
Last year, Elon Musk had said that, contrary to what happens, basically, with all automobiles, the electric cars made by his company will be able to be “assets that value over time”. Thanks to what? Thanks to the progress made with the car's capabilities for autonomous driving. Elon Musk hinted, in the past, that Tesla cars already sold will always receive new updates to this feature but that the cost of this feature, for new cars, will increase “substantially” over time, that is, thus supporting the value of existing cars.
Tesla is not the only company to bet on this segment, of course, since the electrification of this industry is increasingly seen as an inevitable scenario. Ford has ensured that a third of its street vehicles will be electric by 2030, Volkswagen plans to sell one million electric vehicles a year within two years and Volvo has already indicated that in 2025 half of its models will be electric.

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