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Where are you getting a $10K premium? I don't see an ICE ATP listed as you maintain. The number that you appear to be referring to $44K, is for non luxury veh
by thinkcontext 3y ago
Where are you getting a $10K premium? I don't see an ICE ATP listed as you maintain. The number that you appear to be referring to $44K, is for non luxury vehicles, which is not directly comparable to the EV category.
I would guess the premium is closer to $5K, the difference from the $48K ATP for all transactions. Those are 90%+ of all transactions.
- kennywinker 3y ago> The number that you appear to be referring to $44K, is for non luxury vehicles, which is not directly comparable to the EV category. I mean, that's the comparison that matters to most people. The vast majority of cars are not luxury cars. Just because EVs target a little up-market, that doesn't exempt them from the reality that they're being compared to ICE cars in lower price categories by most buyers.
- Retric 3y agoIf looking for “cars for most buyers” then you may as well strip out the 100+k EV’s from these pools which then lowers the average.
- kennywinker 3y agoI mean yeah, fair point. Average sale price of a category of car is probably a bad way to gauge affordability. A better question would be what percentile of car purchases do ev prices fall into.
- gnicholas 3y agoI was looking at the new Mazda SUV, and the PHEV version was a $12k premium over the gas version. I have a PHEV and enjoy the benefits, but I’m not sure it’s worth an extra 12 grand (25% more than the regular version). I get that there are some cost savings in the long run, but electricity costs a lot where I live, and insurance costs also go up with a more expensive vehicle.
- Spooky23 3y agoSame was true of the Prius for a long time. The market figures it out.