4 ms·
> multiple factories around the world They'll also need not economically stressed out customers around the world, which right now isn't really happening. If th
by paganel 7y ago
> multiple factories around the world
They'll also need not economically stressed out customers around the world, which right now isn't really happening. If the low oil-prices won't halt the electric cars industry then the fact that they still have comparatively high prices will most certainly will.
A few months ago I was saying that the industry needs cars worth 25,000-30,000 euros/dollars in order to really take off, i.e. that it needs its mass-produced electric Honda Civcs and VW Golfs, with this depression-like crisis that is about to commence I'd say that it needs its Mitsubishi Colts/Mirages, Dacia Sanderos or Nissan Versas, i.e. electric cars that will cost at most 10,000-12,000 euros/dollars.
- marvin 7y agoTheir potential market will certainly be _lower_ while the pandemic is ongoing, but there's plenty of high-income folks who haven't been materially effected by the epidemic and might still want a luxury car. Most people I know are in the work-from-home crowd. There is the possibility that this might not be that big of a deal, given that they're a growth company. Depends how production-constrained they really are without trying to induce additional demand through advertising and so on.
- xkjkls 7y agoEconomic uncertainty, even with financial security, is almost certainly going to delay many car purchases. If you don't know whether we're going into 2021 with 20% unemployment, its pretty easy to decide to hold off a year. Also cars are being used close to 70% less during the lockdown.
- imtringued 7y agoI seriously hope nobody gets fooled into believing that those oil prices will last more than two years and consequently buy a gas guzzler.