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I would add its just unrealistic. Right now the percentage of EV sales in NY is 1.5%. I recently bought a car and would have loved an EV, but there was nothing
by bko 4y ago
I would add its just unrealistic. Right now the percentage of EV sales in NY is 1.5%. I recently bought a car and would have loved an EV, but there was nothing competitive on the market. I needed a large car (3 row) and pretty much no EVs exist in that market. EV SUVs cost a lot more too. They all mostly start at 40k+, compared to the top selling SUVs (e.g.RAV4, CR-V, Rouge), they start at 25-30k.
Plus, there are practically no used EVs on the market and you have to worry about charging. The car companies also have very limited availability for EVs so you can't even necessarily buy one. This makes sense because most are being sold at a big loss:
> In fact, these vehicles often cost $12,000 more to produce than comparable vehicles powered by internal-combustion engines (ICEs) in the small- to midsize-car segment and the small-utility-vehicle segment (Exhibit 1).
The car companies haven't exactly figured out what to do about EVs and are selling a few half-baked products at a loss just for show, but its not sustainable at these price levels. I'll be fine, sure I don't want to pay 20-30k more for a car, but I can eat the cost if I have to. But a lot of people will be screwed
https://evadoption.com/ev-market-share/ev-market-share-state/ https://evadoption.com/ev-market-share/ev-market-share-state...
https://www.newsweek.com/best-selling-suvs-us-2021-1607192 https://www.newsweek.com/best-selling-suvs-us-2021-1607192
https://www.mckinsey.com/industries/automotive-and-assembly/our-insights/making-electric-vehicles-profitable https://www.mckinsey.com/industries/automotive-and-assembly/...
- mateo411 4y ago> e.g.RAV4, CR-V, Rouge) The Nissan Rouge, a smart SUV at a reasonable price point. The SUV can also be used as make up - to bring out a robust blush on cheeks and lips.
- wbsss4412 4y ago> This makes sense because most are being sold at a big loss Your article is 3 years old and the economics of BEV production have changed rapidly in that time span. It quotes battery pack cost per kWh at $190-$210, but current prices are averaging closer to $132. [1] The costs are primarily a function of scale, and the reason why there is limited supply is that you can’t scale manufacturing that fast. Within 2-3 years, major manufacturers will be pumping out millions of EVs and the economies of scale will really kick in. > Plus, there are practically no used EVs on the market The restrictions are on the sale of new EVs by 2035, so this is irrelevant. And to add, there will be a significant used EV market by then. > The car companies haven't exactly figured out what to do about EVs and are selling a few half-baked products at a loss just for show, but its not sustainable at these price levels. I'll be fine, sure I don't want to pay 20-30k more for a car Multiple manufacturers have released good products in the last two years, and you can buy a perfectly fine EV today for under 30k. (Nissan leaf, Chevy bolt) [1] https://insideevs.com/news/552010/electric-car-battery-prices-dropping/ https://insideevs.com/news/552010/electric-car-battery-price...