Agreed. But that’s not limited to EVs is it. They’ve raised prices overall both towards the bottom, altogether dropping smaller models, increasing the sizes of others to charge more, etc. And it works. The average purchase price is currently around 50K in the US. Which is stepping into the lower end of the EV market. So what I’m saying is this isn’t an EV thing. It’s an auto maker price and profit maximization thing. On the bright side, it’s a low margin business which means the overall amount of money that is getting extracted and not making it to workers is towards the better end of the economy. 🫢
Agreed. But that’s not limited to EVs is it. They’ve raised prices overall both towards the bottom, altogether dropping smaller models, increasing the sizes of others to charge more, etc. And it works. The average purchase price is currently around 50K in the US. Which is stepping into the lower end of the EV market. So what I’m saying is this isn’t an EV thing. It’s an auto maker price and profit maximization thing. On the bright side, it’s a low margin business which means the overall amount of money that is getting extracted and not making it to workers is towards the better end of the economy. 🫢