Quote:
Originally Posted by Gerbs
Do you guys think that with 91 hitting almost $2.50, that we will see a major shift from luxury SUV daily's down to smaller engines or EV's?
Or do you think that this price increase is non-material for this segment. Since the overall increase is really around $300 - 2,000 depending on engine size and KM driven
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Luxury SUV is quite a broad term so it depends on the segment of luxury SUVs you're referring to. The $100k+ Range Rover / GLS / X7 crowd won't shift their behaviour much if at all with gas prices, plus they don't have a direct full-EV replacement right now - I can't see them downsizing to something like an iX or EQS SUV.
I think there's already a big shift in the $50-80k luxury compact/midsize segment: the Mach E, Ioniq 5, Model Y, etc. are all decent replacements against its ICE competitors. If not full EV, there are still the X3 / NX / XC60 plug-in hybrids that fit that segment.