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by ethagknight
1561 days ago
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Just let gas prices be higher than we are used to, people will figure it out for themselves. Blame it on Russia, Saudi Arabia, ramp up local production and call it a day. I recently sold my large luxury SUV in exchange for a smaller sedan ( that happens to be electric). I’ve always thought I needed a large SUV to do the things I want to do, so far nothing is changed. I personally made a huge quantum leap in personal vehicle choice, tesla convinced me, but frankly the new car could’ve been a more mundane sedan and still saved me a fortune. Lots of low hanging fruit out there if gas prices really are “too high“ |
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Americans already tend to buy way too much car, financing them over 60 or even 72 months, and that was happening before the incredible price increases over the past 2 years. Only the (increasingly small) upper middle class and above can responsibly afford an electric car.
Even expecting the general public to be forced to switch to hybrids and more fuel efficient gas cars is unrealistic in the short to mid term as the supply simply isn't there. Letting gas prices be higher than they used to be to incentivize electric car adoption could be a logical step, but likely in 3-10 years when prices are comparable to existing technology.
Source: https://mediaroom.kbb.com/2022-02-09-New-Vehicle-Prices-Retr...