I believe manufactures (in the US and Europe at least) view EVs as new high tech luxury items still. Then they add features and margins appropriate to those markets. "The poors can keep using the old low tech stuff." That kind of thinking, nothing more complicated than that.
Suddenly, my materials become cheaper, but the customer doesn't know.
Now I make something for 15$, sell it to you for 50.
That's only the case if you have a monopoly on production. Someone else could also make it for 15$, and sell it for 49$, forcing you to lower your prices to stay competitive.
In the US, bans on foreign cars which limit the number of 'someone elses' pretty dramatically.
Personally I also suspect a bit of collusion - they could sell it for less and undercut the competition but they all make more money if nobody cuts their price.
Because the markets aren't competitive enough due to locking out Chinese EVs. The Chinese EV market is absurdly competitive and the prices for entry-level models are absurdly cheap.
10 Comments
haerrii@feddit.org · 31 pts · 361d
Business
oxysis@lemmy.blahaj.zone · 13 pts · 361d
Steve@communick.news · 24 pts · 361d
I believe manufactures (in the US and Europe at least) view EVs as new high tech luxury items still. Then they add features and margins appropriate to those markets. "The poors can keep using the old low tech stuff." That kind of thinking, nothing more complicated than that.
dinckelman@lemmy.world · 21 pts · 360d
threelonmusketeers@sh.itjust.works · 2 pts · 359d
That's only the case if you have a monopoly on production. Someone else could also make it for 15$, and sell it for 49$, forcing you to lower your prices to stay competitive.
What is preventing this with EVs?
JacobCoffinWrites@slrpnk.net · 4 pts · 359d
In the US, bans on foreign cars which limit the number of 'someone elses' pretty dramatically.
Personally I also suspect a bit of collusion - they could sell it for less and undercut the competition but they all make more money if nobody cuts their price.
entropicdrift@lemmy.sdf.org · 7 pts · 360d
Because the markets aren't competitive enough due to locking out Chinese EVs. The Chinese EV market is absurdly competitive and the prices for entry-level models are absurdly cheap.
El_guapazo@lemmy.world · 7 pts · 361d
To prop up ice vehicles and the petroleum industries.
Lemmyoutofhere@lemmy.ca · 4 pts · 360d
Because they can.
davidagain@lemmy.world · 3 pts · 359d
Mobilityfuture@lemmy.world · 1 pts · 359d
Because western auto manufacturers still, by and large, loose money on EVs because the economies of scale are not there yet