Petrol cars have Zero resale value

Petrol cars bought today (May 2016)onwards may have Zero resale value… Since the value of a car is calculated over an approximate 10 year period of ownership the 10 yrs that will follow year 2016 will be tumultuous years in the automobile industry…. the winds of change are already starting to blow..and it will take not a stretch of imagination to visualize electric vehicles all over the LAND, SEA and AIR!

General Motors unveiled the concept Chevrolet FNR electric self-driving car at the 2015 Auto Shanghai show in Shanghai, ...

General Motors had unveiled the concept Chevrolet FNR electric self-driving car at the 2015 Auto Shanghai show in Shanghai, China

When Delhi Chief Minister Arvind Kejriwal banned Diesel cars there was a big furore. But now countries are taking steps to completely ban both Diesel AND Petrol vehicles. This is not surprising but it is in line with the Paris Pledge where the countries have pledge to wipe such engines (Coal, Diesel & Petrol) off the face of the planet. Countries like France and UK have been on it since  a few years.

The Labour Party of Netherlands has proposed banning the sale of all internal-combustion cars by 2025. That means only cars powered by electric or hydrogen will be allowed to join existing fleet of petrol and diesel vehicles. Once the existing petrol and diesel fleet go beyond its permissible road life duration, those cars can only be replaced by ‘green’ cars, according to the proposal. In 2014, the country built the world’s first solar-lit road and received praise from all over.

So by that account in 10 yrs time when we reach the year 2026 and you try to sell off your 2016 model car there will be no takers! Thus every single petrol or diesel car you buy today onwards will have zero resale value in 10 years time!!! Only way out is to buy Electric Cars!

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