by Gabrielle DeSantis

Two dollars don’t get you much. My grandfather would give me two dollars for organizing his bookshelf. Sometimes. Then, I’d go out and spend my two whole U.S dollars on Hotwheels. Evidently, one man decided to take that idea a little further and buy a whole-ass Tesla Model 3 for a net loss of $2.00 even. Sure, Tesla models are popular, but they’re not that popular. If this isn’t the perfect analogy for the absurdity of the auto market right now, I really don’t know what is.

Usually, a Tesla Model 3 is a little more expensive

The Model 3 is certainly a looker for a two-dollar car | Spencer Platt via Getty Images

Let’s face it. A Tesla Model 3 isn’t really “cheap.” Well, everyone’s got a different definition of cheap, don’t we? Warren Buffet probably thinks a Koenigsegg Jesko is “cheap”, but I could never. Regardless, a brand new Tesla Model 3 costs right around $40,000. More specifically, Kyle Peavley told WCPO 9 Cincinnati that he bought his for $39,999. It’s a pretty chunk of change, but right around retail value for the market’s hottest EV manufacturer.

Granted, Peavley bought his Tesla two years ago, long before mask mandates and market madness. Current circumstances notwithstanding, and an average market depreciation of around 35% over the course of two years, that Tesla Model 3 should be worth about $26,000 right now. Clearly, the market had other plans for Mr. Peavley and his Tesla. Kyle Peavley of Maineville, Ohio sold his Tesla for $39,997.

It’s certainly a seller’s market right now

A stack of hundred dollar bills
Owners are making money hand over fist | Igor Golovniov via Getty Images

Yeah, you read that right. Two dollars. Moreover, the Model 3 is, rather obviously, an EV. And a new EV at that. So, no oil changes. Two years is also just about the lifespan of a set of brand new all-season tires. Maybe he spent a few bucks on wiper fluid? Regardless, it did in fact only cost Peavley $2.00 to own a Tesla. Surely that nice new Tesla warranty also helped out there. Clearly, this is a unique set of circumstances.

However, these unique circumstances are an excellent illustration of the auto market right now. Consumers can’t get what they want on dealership lots thanks to the chip shortage, so used values are insanely high right now. I mean, there was a Honda Civic Type R LE on eBay last week for $80,000, nearly a 40% markup. People are flipping Ford Broncos for six-figure sums right now. It’s insanity, to say the least.

Current circumstances won’t last forever

The "Model 3" badge seen on a white Tesla
A two-dollar car | VCG via Getty Images

However, because all of this is due to a supply shortage, it won’t last forever. Eventually, supply chains will stabilize and balance will return to the Force. For now, buyers are best waiting and sellers are best off laughing all the way to the bank. Don’t buy, and do sell. Take advantage of this now, as Peavley did, and you’re sure to make well over what your car is worth in most situations.

RELATED: People Are Already Flipping Ford Broncos

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by Gabrielle DeSantis

We’re a competitive species. I mean, look at the Olympics. It’s all about who can do what faster, further, and better. In many ways, the auto industry is a reflection of the Olympics. It was only a matter of time before someone looked at a cellphone charging and said “how can I do this better?” Well, now someone, or rather, a lot of someones, has decided to do that with EVs. Now, we’re close to wireless charging EVs.

Wireless charging EVs isn’t a new concept

Infiniti’s wireless charging pad concept | Stan Honda via Getty Images

It’s really not a new idea. One day, someone way smarter than myself looked at an EV sitting on the street charging, then back at their phone and said “huh.” Now, that random person is probably a billionaire. Either way, manufacturers have had the idea on their radar for about as long as the EV has been around. Infiniti was exploring the idea of wireless charging EVs back in 2014.

In fact, 2014 was somewhat of a big year for wireless charging EVs. Well, it should have been, but more on that later. Back in 2014, high school me (yes I am a child) heard that Volkswagen was “three years away” from having an EV that would charge simply by being parked over a little black square in the ground. I barely knew what a Tesla was back then, and it blew my mind. Unfortunately, it’s been three years and that’s not the case.

Unfortunately, there’s a lot of red tape to cut

Qualcomm's wireless EV charging pad seen on a street
Testing is well underway | Qualcomm

Frankly, a lot of that is due to the law. Sure, law and order are great but it also creates a lot of legislative red tape for manufacturers to cut through. They can do all the testing they want, as Qualcomm has done, but the fact of the matter is, products must be safe before they go to the consumer. That’s why Tesla’s “Full Self-Driving” is still just a beta. Wireless charging of anything creates heat. We’ve got to make sure that heat is at a safe level before it can be safely used.

EVs are already somewhat of a fire risk in a worst-case scenario, and adding more heat to the daily life of a gigantic lithium-ion battery on wheels is something best looked into first. NBC predicts we’ll have wireless charging EVs (that are parked) by 2022. Now, I’m not sure how likely that is, given it’s already August, but here’s hoping. The major news publication also points out the need for international quality and safety standards to be met.

New charging tech is almost inevitable

Conventional wireless charging on a cellphone
We know how to make it work, it’s only a matter of time | Alex Tai via Getty Images

Frankly, the adoption of the tech is inevitable. Humans are creative little creatures, and eventually, someone will finally find a way to do it and get rich. For now, our biggest hold-up, aside from the legalities of this tech, is plain old electricity. With everyone soon transitioning to EVs, we need more power in our homes than ever, and outdated city grids simply cannot provide. Before we can have wireless EV charging, we need the infrastructure to support that.

RELATED: Why Do Electric Vehicle Batteries Catch Fire?

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by Gabrielle DeSantis

If money were no object, you could go space-adjacent with Jeff Bezos and crew. Alternatively, you could buy what some experts consider the top 10 Ferrari models ever made. The Bezos ride took about 10 minutes. The collection, on the other hand, could bring you decades of enjoyment.

A brief history of Ferrari

The Ferrari 250GT at the London Concours event | Martyn Lucy/Getty Images

Since its beginning, Ferrari has been synonymous with elegance and beauty. The inaugural vehicle for the brand was the 125S that rolled out of the factory in 1947. It set the tone for Enzo Ferrari’s vision for the vehicles that would display his name for years to come. By the 1950s, Ferrari considered the brand a success.

The 1960s became the time of sponsors and the growth of its racing division. However, the 1980s became difficult for the manufacturer. A prior agreement with Fiat came back to haunt the automaker. Still, by the new millennium, the company was back on top, with its sporting division setting the tone.

Now, you will be hard-pressed to find anyone worldwide who does not know the name or covets one of the brand’s beauties.

The 10 best models of all time

When there is so much demand, someone will come along and rank the models. As documented by TopSpeed, any serious collector would give an arm or a leg for these 10 spectacular models.

The first model is the Ferrari LaFerrari, which we will discuss in detail later. After the number one spot, there is the Ferrari 365 GTB/4. Its rarity is part of its appeal, as the manufacturer built only 1,406 models of this 4.4-liter V12 engine car with a top speed of 174 mph. Third, the Ferrari Dino 246 is the type of car you can find in an old barn or buried in a backyard and boasts a 2.4-liter V6 engine. This is different from the fourth car in the collection, the Ferrari F40, which is equipped with a 2.9L V8 engine.

As fifth, the Ferrari 125 S has the distinction of being the most famous of the vehicles. Since only two models exist, you may have to dig deep in your pocket to add one to the collection. Meanwhile, in sixth place is the Ferrari Testarossa with its 5.0-liter flat-six engine and Miami Vice fame.

Next up, there is the Ferrari Enzo, which is a little more angular than other models. However, who needs curves when you have a maximum output of 660 hp? In eighth place is the Ferrari 308 GTS, which made Tom Selleck look great in Magnum P.I. At number nine, there is the Ferrari F355, which is actually one of the less expensive models on the list.

Last but certainly not least, the experts name the Ferrari 250 GTO. If you have about $70 million, you might be able to get one of the 39 models that rolled out of the manufacturer’s garage.

The Ferrari LaFerrari is the ultimate Ferrari

What makes the Ferrari LaFerrari the ultimate favorite? At the cost of a little over $1 million when it first came out, and now going for between $3 million and $6 million, it is certainly not the most expensive model. However, it is a hypercar you’ll want to hold onto, as it will be the best 2.4 seconds you ever spent waiting to get from 0 to 60 mph. Then again, at a top speed of 217 mph, you may have difficulty finding a road to drive it on.

RELATED: Unusual 1969 Jeep Grand Wagoneer Has a Ferrari Face, and It’s Called the Jerrari

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by Gabrielle DeSantis

It’s not just personal vehicles that are increasingly going electric: commercial vehicles are, too. And among the several automakers pledging to make commercial EVs is General Motors. However, GM won’t just be making a single electric delivery van. Rather, the company intends to make several commercial EVs. And one of them could be an electric Chevrolet Express.

There could be an electric version of the Chevrolet Express cargo van

2016 Chevrolet Express 2500 Cargo Van | Chevrolet

Technically, GM hasn’t officially said that it’s making an electric Chevrolet Express. However, in a recent conference call with analysts, GM CEO Mary Barra did say that the company plans to release “a full-sized battery electric cargo van for the Chevrolet brand,” Automotive News reports. Looking through Chevy’s current catalog, that means either a new Express or a companion model, Roadshow muses.

But while an electric Chevrolet Express is still hypothetical, the idea makes a good deal of sense. Firstly, the Express is fairly dated and overdue for an overhaul. Note, it was one of the last GM vehicles to offer a CD player.

Secondly, several other automakers are already working on electric cargo vans of their own. Rivian, for example, is making electric cargo vans for Amazon. Bollinger has electric commercial vehicles in the works, too, including cargo vans. And Ford’s working on an electric version of its Transit, the E-Transit. The current Transit already competes with the current Express, so market pressure might give Chevrolet an excuse to go electric.

Thirdly, Chevrolet already made an electric Express in the past—sort of. In 1966, Chevy released the Electrovan, an electric van powered by hydrogen fuel cells. While it wasn’t successful, it was technically an electric cargo van.

GM has other electric commercial vehicles planned, too

A FedEx-liveried BrightDrop EV600 electric cargo van on a city street
FedEx-liveried BrightDrop EV600 electric cargo van | GM

Even if this BEV Chevrolet cargo van will be an Express, it won’t be GM’s only upcoming electric commercial vehicle. And we’re not talking about the BrightDrop EV600 delivery van.

During the conference call, Barra also said that GM will release an electric medium-duty commercial pickup truck. What’s more, this truck will use both GM’s Ultium battery and Hydrotec hydrogen fuel cell technology. As of this writing, GM hasn’t confirmed which brand will get this electric truck. But we do know that the upcoming battery-electric Silverado will use Ultium tech, too.

Given the current state of US hydrogen infrastructure, it might seem odd for GM to use it in its planned electric commercial vehicle. However, it theoretically lets the electric truck recharge without waiting for an unoccupied charging station. That’s something the upcoming electric Ram 1500 and Ford F-150 Lightning Pro can’t do. Alternatively, GM could offer the truck in battery-only and fuel-cell-only form to give buyers more options, Autoblog suggests.

When will these commercial EVs become available?

As of this writing, neither new upcoming electric commercial vehicle has a definitive release date. GM only says they’ll debut sometime later in 2021. As for the EV600, its production has been delayed until November 2022, Autoblog reports. But a small number of examples will be built in late 2021 for testing purposes.

Fortunately for interested parties, GM plans to release more information as the reveal dates draw closer. Confirming whether or not the Chevrolet Express is really going electric will have to wait until then.

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RELATED: The Chevy Camaro Might Go Electric to Avoid Being Discontinued

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