Quote:
Originally Posted by Hondaracer
None of these traditional North American auto manufacturers who currently have a corner on the EV market are ever going to produce an affordable EV for the masses.
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I used to work in product planning for a major manufacturer.
There's no business case to develop affordable EVs for North America because used Model 3s and Bolts, with 250+ mile ranges are already 15-20k.
By the time the development cycle (4 years) is over, cost problem will solve itself while battery prices drop AND we're now competing with popular used EVs at 10-15k price point.
But what about Canada?
Our high prices are due to weak currency/local income.
Manufacturers send fewer cars to Canada because they can sell them for more in the USA.
Seriously, an 86/WRX is 40% more expensive at 30k USD compared to 30k CAD.
EVs are already more competitive in Canada due to higher gas prices ($7/gal vs. $5 in Cali, $3 in NY) and cheaper electricity (5-10c vs. 40c in NY, 60c in CA).
Lastly, in 1-2 years, supply issues will resolve, and used EVs will also become much cheaper in Canada.