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Is there evidence that’s the reason? I assumed corporate greed.
by BriggyDwiggs42 3y ago
Is there evidence that’s the reason? I assumed corporate greed.
- bluGill 3y agoCorporate greed meant they got an exception to environmental rules for SUVs, which they then sell for more profit.
- throwaway44773 3y agoSaying that prices rise because of corporate greed is the same as saying that fires burn because of oxygen. Sure, it's true, but it's not helpful because you cannot stop people from being greedy. What is useful is to look at why corporations are able to greedily increase their prices unchecked. That's usually because of some imbalance in supply and demand: in this case, why does the demand outstrip the supply? There are multiple reasons, but one of them is that governments have outlawed the sale of new ICE vehicles for 2035, increasing demand on the small supply of electric vehicles available. This has also caused manufacturers to reduce their investment in ICE vehicles, thereby further reducing supply of these vehicles, thereby increasing prices. Furthermore, electric vehicles are (at least at this moment) more expensive to manufacture.