this post was submitted on 07 Sep 2023
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Luxury car makers will have a harder time justifying a high price tag when an electric Kia will match their 0-60.
Mark my words, cars will be the next common planned obselesence product. As soon as the battery doesn't take a charge people will junk it and buy another just like the phone market.
Also you have Chinese BYD making huge inroads in various markets now. They're going to massively drop the price floor for features that are seen as luxury right now.