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I did some modeling of the future auto market in graduate school. My model came up with a huge demand for low priced, simple ICE vehicles as a response to incr
by fwungy 3y ago
I did some modeling of the future auto market in graduate school.
My model came up with a huge demand for low priced, simple ICE vehicles as a response to increased energy costs and lowered disposable income levels for many consumers. EV demand came from the high end of the market as consumers willing to spend a lot of money were more open to switching because they were spending a lot of money anyway and it was another option, and ROI on the EV is based on the consumer's ability to overcome the frontend costs, which wealthy consumers are more capable of.
- yomlica8 3y agoLow priced ICE don't even really seem to exist and I think it is because they've essentially been regulated out of existence. Crash standards and emission standards require a ton of technology even on the cheapest cars so there isn't much money to even be saved here. I actually think this is part of the "no one wants to work anymore" narrative. Like it not, America is setup so you need a car to go to work. And simple cars have been removed from the supply line. So it becomes a money losing proposition to work a really low paid job if you need to buy and maintain an expensive car just to get to it. I'm not even saying that improved emission standards and crash test requirements are a bad thing, just that the cost of them has to be absorbed somewhere.
- fwungy 3y agoIt's sad the people who need the lower cost vehicles are people of color, and the people who push for these regulations are people of privilege. As I've learned in my courses from work, racism is pervasive and surfaces in manners conscious and unconscious.