I have no more objection to borrowing money to buy a car than a business does to make payroll. Or purchase a piece of land, or build a factory. Borrowing in this post peak world in my experience (random average consumer level) hasn't looked much different than it was prior to peak oil, say, pre-2005. Interest rates were a little better than for all types of purchases, but interest rates now are still pretty good, better than consumer borrowing back around 1990 or so.
I'm not convinced on that one Bruce. I think that borrowing cost 'relative to disposable income' have soared in this past decade and this is only the tip of the iceberg. Buying an EV now could be a smart pre-emptive move to circumvent somewhat the escalating price of oil for the next few years, but it's the changes that 'evident oil decline' will bring that are very scary.
I know to a lot of people this sounds pessimistic but once the decline in conventional oil is evident there is likely to be widespread resource wars and with this will come fuel and electricty rationing. It may well be (like in many energy deficient countries) that only industrial complexes have electricity during daylight hours. Fuel/oil supplies will be cut and rationed, food will be scarce as we have 'un-learnt' how to cater for ourselves. You may only be able to recharge your EV with a solar power unit.
Look at Egypt, trouble has re-emerged there. The problem is not only the government as we are being led to believe, it is also the people being impoverished further as the oil depletes. Oil depletion has changed their lives, changing the government will not fix Egypt. Imagine an averge family driving through central Cairo in an EV right now, do you think they'd feel safer in an old landcruiser?
We've managed to keep our heads above water even though our local oil production peaked and declined some time ago, only because our governments secured cheap foriegn oil. This is changing.
'Egypt' coming soon to a city near you!
The world has never seen political events like those that we are about to witness.