←back to thread

The withering dream of a cheap American electric car

(www.wsj.com)
158 points voisin | 2 comments | 17 Nov 24 23:52 UTC | HN request time: 0.43s | source
Show context
bartvk ◴[18 Nov 24 00:05 UTC] No.42168473[source]▶
https://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.

replies(6): >>42168514 #>>42168570 #>>42168574 #>>42168580 #>>42174015 #>>42174403 #
AgentOrange1234 ◴[18 Nov 24 00:21 UTC] No.42168570[source]▶
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.

replies(13): >>42168584 #>>42168591 #>>42168650 #>>42168697 #>>42168743 #>>42168748 #>>42168749 #>>42168762 #>>42168788 #>>42172709 #>>42173145 #>>42173595 #>>42173943 #
1. trhway ◴[18 Nov 24 01:05 UTC] No.42168788[source]▶
>why isn’t this a screaming opportunity

with the American consumer buying 15M cars a year at those average $50K there isn't an opportunity for the low end. And if such market really appears - i.e. if the American consumer would hit hard economic patch and would really need cheap car - it will be at any moment filled by cheap Chinese EVs.

replies(1): >>42172906 #
2. ◴[18 Nov 24 15:01 UTC] No.42172906[source]▶