> $40K, "affordable," shows what a bubble NYTimes is living in.
Did we read the same article? NYTimes is claiming that "$20k" (or rather, $20k after up to $7500 in federal rebates) is affordable.
Which, it kind of is? That's a brand newfully electric for like $400/month.
And we're seeing it in the used market as well. (2019/2020 Chevy Bolts are now going for like $15k or ~$350/month which puts them well into affordability for people around a $40k/yr income.
And I have never paid more than $5k for a car personally, but the average new car in America is ~$47k so $40k is not actually out of alignment with what most people are buying.
You are correct that people shouldn't spend so much on new cars, but the status quo is that they are. Reporting on prices isn't a bubble as much as just a statement of what's going on.
Fwiw I can't find any data to back up your claim. Looks like in 2023 numerous models outsold Tesla Y and 3 (CRV/Rav4/Ram/Silverado). While Ford doesn't seem to release individual F-150/250/350/450 data, given the huge lead I'd bet the F-150 would still beat model Y even if split out.
> Recently, Mr. Lawrence said, customers have been snapping up used Teslas for a little over $20,000, after applying a $4,000 federal tax credit.
...
> Carmakers including Tesla, Ford, General Motors and Stellantis, the owner of Jeep, have announced plans for electric vehicles that would sell new for as little as $25,000.
Did we read the same article? NYTimes is claiming that "$20k" (or rather, $20k after up to $7500 in federal rebates) is affordable.
Which, it kind of is? That's a brand new fully electric for like $400/month.
And we're seeing it in the used market as well. (2019/2020 Chevy Bolts are now going for like $15k or ~$350/month which puts them well into affordability for people around a $40k/yr income.