EVs Are Too Expensive -- October 27, 202

Locator: 45852EVS. 

EVs are too expensive: link here.

Three days ago I wrote this:

Now, "Ford, GM, Mercedes come clean on EV demand weakness."

Up until now manufacturers blamed their EV problems on lack of infrastructure, lack of choice, range anxiety -- now they admit the obvious -- all those concerns are valid, but the real problem is "COST."

EVs are luxury vehicles, trending toward $100,000 for any vehicle that meets the needs of a family or a soccer mom. Chevy Bolts aren't the answer.

When I went to our local Tesla showroom -- several years ago -- folks "oohed and aahed" over them  -- how "good" they looked. My comment at the time, "for $100,000 they better look good."

By the way, no one -- as far as I know -- has mentioned this. This debt was "one thing" when money was free (0% Fed rate) but with interest rates trending toward 5% this debt now becomes "something else."