Posted on 03/29/2023 1:37:08 PM PDT by TBP
Amid issues like climate change and fluctuations in the global price of oil, American motorists are increasingly interested in electric vehicles (E.V.s). In early 2022, new E.V. registrations rose 60 percent even as overall new car registrations declined by 18 percent.
Of all considerations, the biggest barrier to acceptance is price: The price of the average new E.V. runs nearly $67,000, while the overall average new car costs just under $50,000. Clearly the key to greater adoption of E.V.s is bringing the price down to be more in line with gas-burning alternatives.
Last week, Volkswagen introduced a new concept car, the ID. 2all. The all-electric hatchback boasts a 280-mile range and says it can charge from 10 percent to 80 percent in just 20 minutes. The company plans to sell it for less than €25,000 (around $26,900), roughly the same price as a Toyota Camry.
There's only one problem: Volkswagen has no plans to bring the ID. 2all to the United States. And if it did, it would be at a disadvantage thanks to protectionist policies.
Heatmap noted that the most likely reason why Volkswagen is avoiding the U.S. is that Americans tend to prefer larger vehicles, with trucks and SUVs now accounting for more than 80 percent of new car sales. Volkswagen's own Golf, which is similar in size to the ID. 2all, sold so poorly in recent years that the company discontinued its sale in the United States.
But there will always be a market for cars at entry-level prices, especially for people who just need to get from point A to point B as inexpensively as possible and don't live near mass transit. If that car also insulates its owner from having to worry about fluctuations in the global oil market, even better.
(Excerpt) Read more at reason.com ...
Everyhing Dems touch turns to sh….
“but protectionist policies mean it’s not worthwhile for the company to introduce it in the U.S. “
It’s not a bug, it’s a feature.
However, I don't cry any tears for Volkswagen. Our car tariffs and such are child's play compared to Germany's protectionist car policies. This is where I, who likes free trade, agree with Trump on. Don't call it "free trade" if we drop our tariffs and limitations but the other country doesn't. We can win most any trade war because they usually need us more than we need them. Of course, the EV regulations aren't about getting Germany to drop their import tariffs and such. Just thought I'd throw that out there.
$26,900 is considered entry level. LOL.
So there is a silver lining.
Tariffs are fine. The EU is welcome to drop their tariffs.
Translation: There is no market for EV idiot wheels.
All we need is another imported EV sh!t box for sale.
Socialists socialist up the economy and then blame “capitalism”.
my first car, a 1994 explorer, full limited trim, per its build order, was 25k off the line. found the paperwork under the carpet when I got it in 2014.
my barebones base stick shift 94 ranger was MSRP 12k.
I bet you VW won’t bring it here because it won’t meet the NTHSA Crash ratings.
Most foreign cars won’t meet that or the emissions.
“I bet you VW won’t bring it here because it won’t meet the NTHSA Crash ratings.”
Ding ding chicken dinner.
I look forward to a President Trump who ruins the US automotive industries and suppliers that went in all fascist with the rats.
We already have plenty of golf carts.
Another of the great lies of the green/EV promoters
Will your EV protect you from rising electricity prices?
Since baseload demand (and renewable back-up demand) for electricity is increasingly natural gas, you won't get "fluctuating" electricity costs - you'll only get RISING electricity costs.
In today’s market.
A very small one, made smaller by silly policies.
Inflation’s a you-know-what. Starts with B.
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