this post was submitted on 20 Feb 2024
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110
Stellantis CEO says Chinese EVs are ‘possibly the biggest risk’ facing his carmaker and Tesla (finance.yahoo.com)
submitted 8 months ago by [email protected] to c/[email protected]
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Stellantis CEO says Chinese EVs are ‘possibly the biggest risk’ facing his carmaker and Tesla::The owner of the Dodge, Jeep, and Chrysler brands aims to take on Chinese EVs while avoiding a “race to the bottom.”

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[–] [email protected] 6 points 8 months ago* (last edited 8 months ago) (1 children)

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.

[–] [email protected] 2 points 8 months ago

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