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Currently the cheapest new ICE cost 15-20k and the cheapest new long-range EV cost 30-35k (and a Tesla costs over 40k). If people are going to switch to EVs fo
by fshbbdssbbgdd 5y ago
Currently the cheapest new ICE cost 15-20k and the cheapest new long-range EV cost 30-35k (and a Tesla costs over 40k). If people are going to switch to EVs for lower TCO, the EVs will need to get a lot cheaper. I have no doubt this will occur eventually. And when they get a lot cheaper, how is Tesla going to earn a fat margin? I feel the “lower TCO” story is not that bullish for Tesla given the enormous profits that are required to justify Tesla’s current valuation.
- pbourke 5y ago> If people are going to switch to EVs for lower TCO, the EVs will need to get a lot cheaper. Or gas will need to get a lot more expensive, which is what governments are planning to do.
- kcb 5y agoThe Average price paid for a new car in the US is ... $35k-$40k. Almost no one in the US buys $15K Mitsubishi Mirages and more reasonable cars that start at $20K are rarely actually sold bare bones for that much.
- fshbbdssbbgdd 5y agoHow about the average price for a new EV?