165
Ford Mustang Mach-E Sales Soar After Discounts, Proving Cheap EVs Are the Way Forward
(www.thedrive.com)
this post was submitted on 02 Apr 2024
165 points (94.1% liked)
[Dormant] Electric Vehicles
3193 readers
1 users here now
We have moved to:
A community for the sharing of links, news, and discussion related to Electric Vehicles.
Rules
- No bigotry - including racism, sexism, ableism, casteism, speciesism, homophobia, transphobia, or xenophobia.
- Be respectful, especially when disagreeing. Everyone should feel welcome here.
- No self-promotion.
- No irrelevant content. All posts must be relevant and related to plug-in electric vehicles — BEVs or PHEVs.
- No trolling.
- Policy, not politics. Submissions and comments about effective policymaking are allowed and encouraged in the community, however conversations and submissions about parties, politicians, and those devolving into general tribalism will be removed.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
This is mostly true but I think a lot of the added cost is manufacturers pushing out vehicles with the maximum amount of markup possible in order to recoup their costs in developing EVs as fast as possible (along with COVID era proce gouging). I'm sure in a decade or two they'll be dirt cheap comparatively, not that helps anyone now.
But isn't this true with any "new" technology? The beginning of the timeline has high cost and as the product becomes "normal" costs come down?
Pretty much. I distinctly remember when plasma TVs first came out and seeing an advertisement in a magazine for them, 55" for $15,000. Now you can buy one (LCD) for a few hundred bucks.
Right. I doubt we see the exact same behavior with cars, especially in today's world where all cars are more expensive than they were just 4 or so years ago. That said, I do expect EV prices to come down. I can hate on auto makers for being slow to the game all I want, but the reality is they won't do it if they don't think they can turn a profit. It seems like it's coming just a lot slower than some would like.