Video Summary
Here is the summary:The EV market is experiencing crashing prices. A Tesla Model Y sold for around $33,750, while Tesla Plaid models are selling in the $50,000 range. Lucid Air models are being sold for half of their original price. The steep depreciation across the EV market makes even a year-old EV a good deal.
EV demand is heavily subsidized by government incentives. Automakers also get significant incentives to make EVs.
Biden administration has made changes to those incentives, including means tests and that the car had to be built in the United States.
If there were no government subsidies on EVs, Tesla can't sell these cars in the 40s or 50s, or even 60s anymore.
The current structure of incentives for EVs has gotten out of control.
Tariffs on Chinese EVs prevent a more competitive market, where more affordable Chinese EVs could be sold at a lower cost with good performance.
EVs are now pretty cheap to produce because engine development and regulation is not a barrier in the same way for EVs as they are for gas cars.
Capitalism should be allowed to sort things out.
Well-educated consumers on the benefits and downsides of EVs might adopt EVs if they are priced fairly. There's a real benefit, as EVs are reliable and cheaper to own.
