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Ford Mustang Mach-E Sales Soar After Discounts, Proving Cheap EVs Are the Way Forward
(www.thedrive.com)
this post was submitted on 02 Apr 2024
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Electric Vehicles
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Automakers don't care about the used market in the same way video game makers or authors don't. They only get money from the initial sale. Everyone is trying to move to a subscription model to capture some of that revenue. No such thing as a 'used' League of Legends copy.
There are tons of affordable used EVs under 30k. Most of them just don't happen to be made anymore or have any parts availability without a fabrication shop.
The Bolt is nice, but it's crazy that it doesn't have much competition in the US.
Automakers do care about the used car market. Otherwise reliability would go out the window. There's a reason Toyota is the #1 manufacturer in the world.
There’s more than 1 reason.
It's early days for EVs and one thing that really pinched was that COVID happened literally right as manufacturers had just or were about to roll out their EVs. You can't build cars when your workforce is sheltering in place and when they did show up to the factories they couldn't get the parts thanks to supply chain problems. Those woes were then followed by super inflation and labor disputes with the UAW which delayed rollouts even further.
Right now sales are flat / declining because the early release EVs are too expensive for the current economic environment and the 2nd Gen Mainstream EVs are right around the corner. I wanted to buy an EV two years ago but in 2022 they were in very short supply and the dealer markups were insane so I didn't. Prices have returned to something like normal but now we're just months away from the release of the next generation so I'm holding off until they get here.