Thought maybe it was going to be a budget sport suv with some tuning and sleeper potential. Learned it revs to 5.5K lol and by the sounds of it, it may be a turd. And its far from buget. For a third of the price I could have a tdi that KILLS it in a race and does double the FE.
That's interesting about the EUV. Around here, the dealers were ordering 3-4 EUVs for every EV.
It is curious. Maybe they started shutting down production on the EUV prior to the LT.
Your posts, links and related comments have been very illuminating and holistic. Very appreciated!Studies vary, but between 2018 and 2022, the average annual income of U.S. EV buyers was around $150,000 a year. (The median household income in the U.S. for 2022 for $74,000). Most EV buying households had 2 cars while shopping for an EV. When polled, what would the EV buyer have purchased if not an EV with a rebate? A hybrid, a fuel-efficient vehicle, or the same EV at full price.
Rebates are certainly good for EV sales (and fans), but we are largely subsidizing buyers in higher income brackets to purchase a vehicle that (a) They would have purchased anyway, or (b) Would have purchased a fuel efficient vehicle. This second part is important for those making an environmental (rather than market) argument about rebates, as the total waste emissions are not greatly changed. Additionally, many EV owners with short commutes (perfect EV scenario) or who are buying an EV as a second or third car, are not driving enough miles to offset the energy and emissions used in production of the car. Their total contribution to environmental damage would have been lower had they not been enticed by a rebate to buy an additional car (or if they drove it enough to offset the environmental cost of production).
An older UC-Davis study found that buyers who have incomes in the top 20% of all taxpayers are claiming 90% percent of federal EV tax credits. As Robert Teglia remarks in a NYT article, "The incentives are, in effect, subsidizing my luxury." Income caps on rebates prevents some of the highest earners from using public funds to offset the cost of their EV, but even after Jan 1, we have to ask if using taxpayer funds to help the wealthy buy an EV is ethical, especially when it's not even environmentally effective.
https://www.nytimes.com/2021/08/09/business/energy-environment/biden-electric-cars-cost.html
https://haas.berkeley.edu/wp-content/uploads/WP262.pdf
https://www.nber.org/papers/w25771
Make electric vehicles affordable for the rest of us
OPINION: EV subsidies are poorly designed and mostly benefit the rich. Some simple changes could make them more effective and equitable.knowablemagazine.org
Thanks tikal- I agree 100% on the three R's. I would only add that (as I said in post #2006) I fully expect EV sales to rise, for a variety of reasons, and that I don't associate increasing sales with an argument "for" or "against" EVs. Rebates, increased interest, and warnings that new ICE vehicles will no longer be sold all contribute to EV sales. If you ban sales of new ICE vehicles in a location, we expect EV sales will skyrocket in that area- but what does this tell us other than governments have the power to significantly influence the market, for better or worse?
Not in the stories I've read. Authors say the drop in sales and company stocks is not surprising in the current interest rate market.
Until those projects are postponed or canceled, just like the wind projects in NJ. Or the Big 3 battery plants that are getting canceled or mothballed.
Not extreme at all. Current rates are right around a median historically. I'm sure many others here are old enough to remember rates in the high teens in the early 80s. Those were extreme. The mortgage on our first home had a 14% rate. We were thrilled when we were able to refinance it to 9% a few years after purchase.
With Orstead, there was a public outcry against them, because they were considered the ones that were killing the whales and dolphins in the area.
I consider a 6086% increase in rates in a single year (2022) to be pretty extreme. Sure, 5% doesn't seem too bad if you compare it to the highest rates ever. But the 15 year average is .9% , and the 25 year average is 1.9%.
Last time I had an auto loan was 2006. Life is better without any auto loans.
Last time I had an auto loan was... never. Doubt I will ever experience that new car smell.
I'm not waiting on the rebate system to change. I'm waiting on my JSW to die. Then we'll have to decide if we really need two vehicles for retirement and what fits our lifestyle best. Our needs are fairly simple. Enough room for us for 90+% of the driving. Ability to either fit two bikes inside or a tailer hitch to attach the bike rack. Ability to have room for the grandkids for the ~10% of the time we would have to haul them without trading cars with my daughter. We also want something that will give us 5-600 miles per tank/charge.
You didn't mention price.
Without inventory, it's an uphill battle for car sales to increase. In my 50 years of driving and car buying, I've never ordered a new car. I've always taken one off the lot. We drive by the local toyota dealer at least weekly. It's been interesting to see them going from a lot so full, you just about couldn't walk through the lot to less than 6 vehicles. In October, the lot is finally starting to look like there's a reason for the salespeople to get paid.Whether or not you choose to believe it, auto inventories have been rising all year. Pretty much across the board. It is possible for both sales and inventory to rise simultaneously.
New Car Inventory Rises In The U.S., Dodge Leads The Way With 136 Days Worth Of Supply | Carscoops
The average days' supply of new vehicles in the U.S. currently sits at 58 days, the highest in two yearswww.carscoops.com
That's $82k for a middle trim level probably without the Cummins diesel. For the 2500 and 3500, it pretty easy to push the msrp over $100k.
Haven't decided on price yet. I'm one of those buyers. I'll pay for what I decide I want in the vehicle. Doesn't mean that I end up paying sticker though. I think the only car I've ever bought at sticker was our 2000 tdi beetle. Oh, and everything sitting in the driveway today is paid for.
