Submitted by RolfEjerskov t3_11anym0 in Futurology
compaholic83 t1_j9u2l14 wrote
Are you high? Toyota Corolla's start at $22K now. No shot a compact EV will be $25K and/or $250/mo. At least not in the next 5 years with current interest rates and residual values. Elon is just blowing smoke for the shareholders and stock price like he always does.
thatjacob t1_j9u3w29 wrote
That's factoring in the government subsidy in many states on EVs, so it's plausible
compaholic83 t1_j9u9qo4 wrote
My issue with government subsidies is we are still paying for it. It's not actually "free" money. Throw in a curveball like a Republican getting back into the Whitehouse and nixing these subsidies, then the EV industry will stall again. Are EV's the future? Most likely, but we're still not even halfway through the early adopter bell curve of a 15% market share. We're currently sitting at about 6-7% so we still have a long way to go.
Surur t1_j9urbc5 wrote
But worldwide evs were 10% in 2022, so that early adopter bell curve is going to get smashed real soon now. USA is just behind.
im_thatoneguy t1_j9whr0f wrote
>Are you high? No shot a compact EV will be $25K and/or $250/mo. At least not in the next 5 years
Lol, you're so wrong, that it already happened, and you didn't notice. (This was before January 1st so this was pre-govt subsidies.)
2022 Chevy Bolt EUV - $239
2023 Bolt EUV LT – $27,800 (Before subsidies)
That's spitting distance of $25k.
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