When lower-income households face affordability barriers, it’s not just their problem – it’s the missing link to achieving a full switch to electric vehicles.
Correct me if I’m wrong, but isn’t part of the problem that the auto industry wants to chase the higher profit margins on larger vehicles? As long as the perverse incentive is present it’s going to be an uphill battle to get them to produce more compact, cost effective cars.
That’s exactly the problem — in the US there’s an extra tariff on larger vehicles, so the manufacturers face less competition and therefore earn greater profits if they only make big vehicles.
Correct me if I’m wrong, but isn’t part of the problem that the auto industry wants to chase the higher profit margins on larger vehicles? As long as the perverse incentive is present it’s going to be an uphill battle to get them to produce more compact, cost effective cars.
EPA rules also play a part. Why we can’t have small trucks:
https://www.google.com/search?q=Why+we+can't+have+small+trucks
Pick any source ya like.
That’s exactly the problem — in the US there’s an extra tariff on larger vehicles, so the manufacturers face less competition and therefore earn greater profits if they only make big vehicles.