Electric Cars Are Suddenly Becoming Affordable
1–10 of 53 posts
Re: Electric Cars Are Suddenly Becoming Affordable
#2They aren't suddenly becoming affordable. They have been gradually becoming affordable over the last decade due to lower supply chain costs and higher demand.
Re: Electric Cars Are Suddenly Becoming Affordable
#3$40K, "affordable," shows what a bubble NYTimes is living in.
Let's remember that the median income in the US is $37,585. Half of people make less. Don't spend more than you make in a year on a new vehicle.
Re: Electric Cars Are Suddenly Becoming Affordable
#4Because the EV industry has reached a new maturation stage in which companies lower prices to capture market share.
Re: Electric Cars Are Suddenly Becoming Affordable
#5Only because they know Chinese EV will take 100% of the market if they do not come up with cheaper EV.
Re: Electric Cars Are Suddenly Becoming Affordable
#6They should really define "affordable".
Re: Electric Cars Are Suddenly Becoming Affordable
#7$40K, "affordable," shows what a bubble NYTimes is living in. Let's remember that the median income in the US is $37,585. Half of people make less. Don't spend more than you make in a year on a new vehicle.
Median income is not an accurate measure of affordability. That includes every person who isn't working - stay at home moms, retirees, etc.
The federal reserve's calculation of household income is probably more useful at $74k: https://fred.stlouisfed.org/series/MEHOINUSA672N
And I have never paid more than $5k for a car personally, but the average new car in America is ~$47k so $40k is not actually out of alignment with what most people are buying.
Re: Electric Cars Are Suddenly Becoming Affordable
#8$40K, "affordable," shows what a bubble NYTimes is living in. Let's remember that the median income in the US is $37,585. Half of people make less. Don't spend more than you make in a year on a new vehicle.
Median income is not an accurate measure of affordability. That includes every person who isn't working - stay at home moms, retirees, etc. The federal reserve's calculation of household income is probably more useful at $74k: https://fred.stlouisfed.org/series/MEHOINUSA672N And I have never paid more than $5k for a car personally, but the average new car in America is ~$47k so $40k is not actually out of alignment w…
Most people don't buy new cars (in the US, anyway, twice as many used cars than new are sold.)
Re: Electric Cars Are Suddenly Becoming Affordable
#9Re: Electric Cars Are Suddenly Becoming Affordable
#10$40K, "affordable," shows what a bubble NYTimes is living in. Let's remember that the median income in the US is $37,585. Half of people make less. Don't spend more than you make in a year on a new vehicle.
kind of goes against having Ford F-150 be the highest selling vehicle in the US