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Stellantis CEO says Chinese EVs are ‘possibly the biggest risk’ facing his carmaker and Tesla
(finance.yahoo.com)
this post was submitted on 20 Feb 2024
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Wealth inequality is growing worldwide, many of us cannot afford higher priced products when it comes to large purchases like cars and that's not going to change anytime soon.
A phone as a luxury good, yeah it's expensive but do-able. A non-cheap EV is like 10x the price of a phone however.
Eh, I wouldn't classify a phone as a luxury good. Id also say a non-cheap EV is more like 50-60 times a phone. But there's definitely a gap in society for those that can buy new cars, let alone new EVs