The withering dream of a cheap American electric car
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Re: The withering dream of a cheap American electric car
#2https://archive.ph/9oIT4
I wish it would have adjusted for inflation. One quote: "The average transaction price for a new vehicle sold in the U.S. last month was $48,623, according to Kelley Blue Book, roughly $10,000 higher than in 2019, before the pandemic." However, about 9200 euros of that is due to inflation according to this calculator: https://www.usinflationcalculator.com/
That's a nitpick though. All in all, an interesting article, which can be summarized as: the EV car market is lacking demand, and car makers definitely don't want to make cheap EVs since it's already so hard.
Re: The withering dream of a cheap American electric car
#3https://archive.ph/9oIT4 I wish it would have adjusted for inflation. One quote: "The average transaction price for a new vehicle sold in the U.S. last month was $48,623, according to Kelley Blue Book, roughly $10,000 higher than in 2019, before the pandemic." However, about 9200 euros of that is due to inflation according to this calculator: https://www.usinflationcalculator.com/ That's a nitpick though. All in all,…
> the EV car market is lacking demand
There is scant evidence for this. Every time prices improve, sales surge. Sounds like the demand is there, but price matters. As it always has.
Re: The withering dream of a cheap American electric car
#4Something has to disconnect here. Everyone complains that everything costs so much, but the average Americans' paycheck is not rising the same way, so they can try all they want to sell $95k electric vehicles because of thin margins for cheaper products, but if purchasing power doesn't rise with inflation, then that market that "sucks" is going to be the only real market one day...
Re: The withering dream of a cheap American electric car
#5Money quote:
“As automakers were profit maximizing during the supply chain crisis era, you are going to prioritize the bigger vehicles, the more expensive vehicles with their higher margins,” Tyson Jominy, vice president of data and analytics at J.D. Power, told me. “Now we just don’t have” these cheaper models.
Re: The withering dream of a cheap American electric car
#6Something has to disconnect here. Everyone complains that everything costs so much, but the average Americans' paycheck is not rising the same way, so they can try all they want to sell $95k electric vehicles because of thin margins for cheaper products, but if purchasing power doesn't rise with inflation, then that market that "sucks" is going to be the only real market one day...
Increasingly expensive products are afforded through innovations in financing.
Re: The withering dream of a cheap American electric car
#7https://archive.ph/9oIT4 I wish it would have adjusted for inflation. One quote: "The average transaction price for a new vehicle sold in the U.S. last month was $48,623, according to Kelley Blue Book, roughly $10,000 higher than in 2019, before the pandemic." However, about 9200 euros of that is due to inflation according to this calculator: https://www.usinflationcalculator.com/ That's a nitpick though. All in all,…
> the EV car market is lacking demand There is scant evidence for this. Every time prices improve, sales surge. Sounds like the demand is there, but price matters. As it always has.
Yep. Midrange-to-expensive EVs have been around for long enough that pretty much everybody in those market segments who are currently interested have already bought one. Additionally, the segment has been flooded with midsize SUVs, with the odd midsize sedan — variety is sorely lacking.
Between these two, quite a considerable market is being left unaddressed. The first to fill these niches with affordable models that don’t have weird quirks or make strange tradeoffs will likely do well.
Re: The withering dream of a cheap American electric car
#8https://archive.ph/9oIT4 I wish it would have adjusted for inflation. One quote: "The average transaction price for a new vehicle sold in the U.S. last month was $48,623, according to Kelley Blue Book, roughly $10,000 higher than in 2019, before the pandemic." However, about 9200 euros of that is due to inflation according to this calculator: https://www.usinflationcalculator.com/ That's a nitpick though. All in all,…
> the EV car market is lacking demand There is scant evidence for this. Every time prices improve, sales surge. Sounds like the demand is there, but price matters. As it always has.
I guess I don’t understand the advantage of EVs really. Isn’t a plug in hybrid the best option? You can do everyday short trips on battery but also have the gas engine for longer trips. Sure it is more complicated but Toyota has shown that you can make this super reliable.
Re: The withering dream of a cheap American electric car
#9https://archive.ph/9oIT4 I wish it would have adjusted for inflation. One quote: "The average transaction price for a new vehicle sold in the U.S. last month was $48,623, according to Kelley Blue Book, roughly $10,000 higher than in 2019, before the pandemic." However, about 9200 euros of that is due to inflation according to this calculator: https://www.usinflationcalculator.com/ That's a nitpick though. All in all,…
If even ICE cars are now super expensive, why isn’t this a screaming opportunity for some auto manufacturer to target the low end of the market?
I’ve never spent more than 20k for a car. With prices like this, I’m just going to keep my old one as long as I can.
Re: The withering dream of a cheap American electric car
#10https://archive.ph/9oIT4 I wish it would have adjusted for inflation. One quote: "The average transaction price for a new vehicle sold in the U.S. last month was $48,623, according to Kelley Blue Book, roughly $10,000 higher than in 2019, before the pandemic." However, about 9200 euros of that is due to inflation according to this calculator: https://www.usinflationcalculator.com/ That's a nitpick though. All in all,…
Is the car 10k more expensive because of inflation or is the inflation so high because the car costs 10k more?