Tag Archives: S&P Global Mobility

Automakers Rapidly Increasing EV Prices

AutoInformed thinks two factors are in play here: First demand for EVs is strong, particularly among affluent buyers. Second, EVs are more costly to develop and batteries are still expensive and the covid pandemic supply chain interruptions are making them scarce. One click bait headline had it that “EVs are Bringing Out the Worst in Us” because, among other things, a Hummer EV battery pack weighs as much as a Honda Civic. It consumes minerals that could otherwise be used to build several electric-sedan batteries or hundreds upon hundreds of e-bike batteries. Perhaps such thinkers are unaware of the ongoing mood amongst that tawdry cast of Capital characters along the banks of the Potomac who will not legislate SUVs and Pickup trucks out of existence. Yes, there is a Santos clause and his party wants to legislate the government out of business. Continue reading

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