this post was submitted on 21 Aug 2024
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[Dormant] Electric Vehicles
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Companies still seem to think it's the COVID era where they could tack on an extra $20k to the price of a car and people will still buy it and not an era where prime interest rates are near double digits after years of high inflation. As we're seeing with Stellantis, cars are sitting on lots much longer with no buyers. They've already started layoffs and I expect we'll see it with other companies (along with lower prices and better incentives) soon too.