Crazy to see how far behind Japanese car manufacturers are getting these days. Japan disrupted the auto market and made small, fuel efficient, cars popular. Now Honda and Toyota are starting to feel like 70’s Detroit.
this post was submitted on 26 Oct 2023
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Meanwhile Hyundai and Kia are absolutely smashing it (in Europe and Asia) with their cheap, reliable cars
So, like all the others, while China will produce cheap eCars. Look, I don't want to predict the future, but if I only have 20-30k for a new car, I simply physically can't buy a 60k SUV. You can't jump into a saturated market of other car companies, who almost all seam to want only expensive eCars and expect a good outcome. There's only so much money in the pockets of people and only so much people are willing to pay for a used eCar, if it needs expensive battery replacement soon. Not going to happen. Build cheaper cars or fail.
Not to mention not everyone has a garage or nearby charging spot to charge an ev.
Perhaps dealing with infrastructure first would be interesting...
Charging infrastructure is getting better. I've had an EV without home charging for three years now and I've managed just fine. Overall it's no more inconvenient than having to go to a gas station.
Electric cars don't normally need a battery replacement during the car's lifetime. If the battery needs to be replaced, the car has usually already been running longer than most ICE cars ever would. The used market for EVs used to be pretty dire, with little supply and awful pricing. But it's slowly getting better. But of course the fact remains, that there is currently a lot of demand for cheap EVs and little supply. The Chinese are gearing up to eat up that part of the market.