this post was submitted on 22 Feb 2024
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[Dormant] Electric Vehicles
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Because the industry focused on the segment of the market that makes the best margins, not the most volume. Then they started prices at $45k, but only made five of them. All the ones you could actually buy were premium models that added at least another $20k.
A bunch of people buy them on 10 year/20% APR loans, but even that market is only so big. They're then left with a bunch of excess stock. Headlines run about how nobody wants EVs as if the industry didn't create this mess for themselves.