Fear of cheap Chinese EVs spurs automaker dash for affordable cars
Fear of cheap Chinese EVs spurs automaker dash for affordable cars
The rise of inexpensive Chinese electric vehicles has upped the pressure on legacy automakers who have turned to suppliers, from battery materials makers to chipmakers, to squeeze out costs and develop affordable EVs quicker than previously planned.
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Somewhat unrelated: IINM most Europeans don't drive even a quarter of the max range of EVs on most of their trips. The current range of EVs should be just fine it you plug it in every day like your phone. Getting an EV that can get you to work and back or to a friend and back without charging should already allow to buy an EV that's quite affordable.
Most Europeans have one, max 2 cars per household. A fuckton of Europeans also go on holiday with their cars once or twice a year.
One car needs to work for most use cases. It's fine if you have more cars than people in the house that one of them is a 100 mile range commuter, but a different kettle of fish if the same car needs to do an 800+ mile trip to the Mediterranean in summer and a 500 mile ski trip in winter.
Also, I know a lot of people who do more than 100 km per day - and that is important. When you are buying a car, you aren't looking only at what you need now, but what you might need in the future.
Then a plug in hybrid or elecric car with range extender motor makes more sense. I think it's pretty dumb to be carrying around expensive, heavy batteries everywhere you go that only get used fully twice a year.
IINM
That's a new one to me. I'm surprised because I thought abbreviations in that style are starting to die out.
If I'm Not Mistaken. IDK, I've seen it quite often 🤔 It's not esoteric.