this post was submitted on 16 May 2024
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Electric Vehicles

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NIO undercuts Tesla Model Y with new $30,000 L60 EV, kicking off cheaper Onvo brand (electrek.co)
submitted 2 months ago by [email protected] to c/evs
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[โ€“] rdyoung 1 points 2 months ago

Tell us you don't understand economics without telling us.

Also, tell us you haven't been paying attention to evs without telling us.

There are a couple of new chemistries that should be in vehicles soon that are from more abundant and lower cost ingredients.

Just like everything else over the centuries, the first iterations of a brand new technology are going to be a lot more expensive than some of us would like. Over time with enough demand and development that price will fall as it's already doing with ev batteries just not fast enough for some of you whiners.