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Panasonic cuts battery unit's profit outlook, warns on high-end EV sales | Reuters
(www.reuters.com)
this post was submitted on 30 Oct 2023
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Electric Vehicles
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I know the profit margins are thinner on economy cars, but I don't understand why some company hasn't started making a dirt simple, small and cheap EV yet. It would sell like hotcakes.
I hope Aptera can change that, but they're still potentially vaporware.
There are many relatively cheap EVs sold around the world like the MG4 , BYD dolphin that cost around USD $35000 that come with 5 star Euro NCAP crash ratings so they are not some glorified golf cart with doors.
https://www.euroncap.com/en/results/mg/4+electric/48646
https://www.euroncap.com/en/results/byd/dolphin/50011
Or a Citroën ë-C3 if you assume only Chinese cars can be that cheap.
https://www.motor1.com/news/691778/2024-citroen-e-c3-debut-europe/
You can't find them in the US because Chinese cars come with a 27.5% import tariff.
The US car market in my opinion will probably resemble their smartphone market in a few years time with Tesla (Apple) and a few korean cars (Samsung). While the rest of the manufacturers will go the way of Nokia & Blackberry.