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Joined 10 months ago
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Cake day: November 13th, 2023

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  • It’s cheaper even without the price war. A combination of lower labour costs and economics of scale make Chinese EV’s cheaper in general and shipping costs, tariffs and dealer markups make them more expensive in Europe. This is also likely combined with the assumption that Europe’s higher purchasing power can be squeezed as much as possible to recuperate some of what they’ve lost in the bloody hell that is their home market. Even VW and the Germans do the same thing.

    Also I wouldn’t say demand cratered. While it slowed, the shares of EV sales is still steadily rising. Pretty sure it’s nearly 40%.this quarter.