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Donald Trump Team Plans to Cancel Biden's $7,500 Tax Incentive On EVs (vocal.media)
submitted 2 years ago by to c/technology@beehaw.org
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[–] 3 points 2 years ago (2 children)

the problem is that they’re also one of the more expensive options. And they have a pretty bad reputation for quality now. So a 7,500 price increase is probably going to push people to look for higher quality at the 40 thousand price range, or for one of the cheaper options in the 30 thousand range. Assuming they don’t just go for a Prius instead.

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  • [–] 7 points 2 years ago (2 children)

    Imo anyone considering a Tesla won't really care about the price and quality, for the reasons you describe. They're there for the brand.

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  • [–] 3 points 2 years ago (1 child)

    Tesla, according to Musk,can keep the prices due to their insane margins. Musk actually wants these subsidies cut to destroy his competition.

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  • [–] 2 points 2 years ago

    I just don’t think his product will be competitive when the market moves up a whole price bracket, even if he thinks so.

    People willing buy a 30,000$ new car are going to have more patience for poor quality than people who are willing to pay 40,000$. Like the market will shrink as some people are priced out, and those who remain will probably opt for something like an Ioniq-5, a Solterra, or a EX30 which are just nicer cars. Their main issues right now are a lack of availability, but that’s less of an issue as the market shrinks.

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