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I agree with you. TBH, 55k is likely also less than the current average selling price of a new F-150. And the F-150 is the best selling vehicle in the US, and h

by _ea1k 3y ago

I agree with you. TBH, 55k is likely also less than the current average selling price of a new F-150. And the F-150 is the best selling vehicle in the US, and has been for a long time. I read an article (you can probably guess the major media source) that said EVs were expensive because the ASP of a new EV is >$55k, while a compact ICE is only ~25k. Of course comparing the average across all EVs, including $80k trucks to the price of Civic-class vehicles makes no sense.

WorldMaker 3y ago
Also, let's not forget that this situation is what American shareholders "say" they want: neither GM nor Ford today has a "compact ICE" on sale for ~$25k (nor anywhere near that). The two examples commonly given right now, Civic and Corolla, are both Japanese imports. A lot of these "EVs are not affordable" posts really under the surface are just as much "American car companies are too expensive" and blaming that on EVs is missing what's really going on. (Jalopnik here makes an okay case for one of the reasons why this is happening that American car companies are pricing themselves out of their own market.) It's why I think the US market is ripe for disruption (thanks, short-sighted GM and Ford shareholders) and one of the importers is going to capitalize it. In my understanding it may be a race between the Korean and Chinese companies on who will be the fastest to market a bunch of cheap EV sedan models in the US. (It is sad that I can't imagine right now GM or Ford making a "hail mary pass" around their own "activist" shareholders. GM proved with the Bolt that they have a lot of the raw components to do a cheap sedan, and likely when the Bolt restarts it will be their cheapest car across their portfolio, just still not a "compact" sedan. Both have to keep answering to their shareholders and a lot of their shareholders are dealers that like high margins and hate sedans.)
- _ea1k 3y ago
  I think that is definitely happening, but it might just be Tesla that does it. Their next wave of products is less than two years away and at least one of the products is clearly focused on cost. GM seems to have a similar plan for the Bolt, but it is completely possible that they will mess it up again.
  - WorldMaker 3y ago
    Yes, the Bolt is really close and it will be interesting to see what the next model year of it looks like in terms of price (currently estimated that the next Bolt will be 2026). I'm currently skeptical about Tesla since their well known build quality issues and some sense that maybe they can't scale down cost without cutting corners they shouldn't cut. But yes, Tesla has the easiest position of current major US automakers to deliver something in the near future and even a cheap car with theoretical build quality issues is still more cheap cars on the road.
- pandaman 3y ago
  Chevy Malibu MSRP $26,095 Chevy Trailblazer MSRP $23,395

by _ea1k 3y ago

WorldMaker 3y ago

Also, let's not forget that this situation is what American shareholders "say" they want: neither GM nor Ford today has a "compact ICE" on sale for ~$25k (nor anywhere near that). The two examples commonly given right now, Civic and Corolla, are both Japanese imports. A lot of these "EVs are not affordable" posts really under the surface are just as much "American car companies are too expensive" and blaming that on EVs is missing what's really going on. (Jalopnik here makes an okay case for one of the reasons why this is happening that American car companies are pricing themselves out of their own market.) It's why I think the US market is ripe for disruption (thanks, short-sighted GM and Ford shareholders) and one of the importers is going to capitalize it. In my understanding it may be a race between the Korean and Chinese companies on who will be the fastest to market a bunch of cheap EV sedan models in the US. (It is sad that I can't imagine right now GM or Ford making a "hail mary pass" around their own "activist" shareholders. GM proved with the Bolt that they have a lot of the raw components to do a cheap sedan, and likely when the Bolt restarts it will be their cheapest car across their portfolio, just still not a "compact" sedan. Both have to keep answering to their shareholders and a lot of their shareholders are dealers that like high margins and hate sedans.)

_ea1k 3y ago
I think that is definitely happening, but it might just be Tesla that does it. Their next wave of products is less than two years away and at least one of the products is clearly focused on cost. GM seems to have a similar plan for the Bolt, but it is completely possible that they will mess it up again.
- WorldMaker 3y ago
  Yes, the Bolt is really close and it will be interesting to see what the next model year of it looks like in terms of price (currently estimated that the next Bolt will be 2026). I'm currently skeptical about Tesla since their well known build quality issues and some sense that maybe they can't scale down cost without cutting corners they shouldn't cut. But yes, Tesla has the easiest position of current major US automakers to deliver something in the near future and even a cheap car with theoretical build quality issues is still more cheap cars on the road.
pandaman 3y ago
Chevy Malibu MSRP $26,095 Chevy Trailblazer MSRP $23,395