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> not sticky I guess I should've clarified. Vehicle prices for equivalent vehicles probably aren't sticky, but the statistic reported here is sticky. Electrif
by lapsedacademic 5y ago
> not sticky
I guess I should've clarified. Vehicle prices for equivalent vehicles probably aren't sticky, but the statistic reported here is sticky.
Electrification will increase average sale price. But the amortization schedule will lengthen, operating cost will decrease, and maintenance will plummet. So might still be a win for consumers.
But I don't think avg sale price will come down meaningfully. You'll see a big shift from ICE to E, though, and yes, ICE prices will come down a lot.
> Food price is also highly cyclical and related to supply constraints of pure commodities which always correct.
Suffice it to say that I'm not betting on commodities in either direction but I've got a huge position in Tyson.
- lotsofpulp 5y agoI never see any electric cars on the road other than Tesla. To me, that means no other automaker has produced a compelling electric option yet, so I would not bet on significant ICE to E within the next few years (other than the increasing numbers of Teslas).
- reducesuffering 5y agoIn the Bay Area, there are many Chevy Bolts, VW ID.4, and Ford Mach-E. They are more competitive economically than their ICE counterparts when you include minimal operating expenses for energy and maintenance, and their possible 7.5k tax credit. Bolts were going for ~$25k at ~250 miles range. 2023 ID.4 is an SUV/Crossover with probably ~240 mile range rumored for ~35k (and $7.5k off tax credit) Mach-E is an SUV/Crossover with ~250 mile range for ~$44k (and $7.5k off tax credit)