Car prices could rise by $5,000 to $15,000 if a 25% tariff on imported cars is maintained, according to Goldman Sachs.
Automakers are likely to pass on the impact of tariffs to customers by raising prices, and that could close the price gap between Tesla’s electric vehicle and competing gas-powered cars, analysts said.
They do anything to save Tesla nowadays. At least we didn’t have a sales show on the White House lawn. O wait…
This is Elon utilizing political power to destroy Tesla’s competition. Markets tell the story this morning: Tesla stock is up, while other auto makers’ stocks are down.
Guess more of the Tesla batteries need to spontaneously combust. Tesla can’t survive on US sales alone. Especially when other companies are not despised globally like Tesla is ATM.
Money aside, as a society we should probably be putting more investment into keeping older, but fuel efficient cars on the road. The carbon footprint from manufacturing the car is already there and the with the fuel mileage/emissions/ longevity on something like a used Camry, a Tesla probably wouldn’t even last long enough to pass the break even point.
Buying a new EV makes sense for someone who’s driving a gas guzzling clunker, but most people driving those vehicles probably couldn’t afford an EV anyway.
This will probably fuck up the used car market so it’s stupid regardless, but we don’t have to keep buying new shit especially if it doesn’t make sense from an environmental standpoint as well as a financial one.
People tend to not drive their old cars into the ocean when they buy an EV.
They sell it to someone who is probably replacing an even older car. Newer cars tend to be more efficient than older cars, so the effect is the same.
You’re right they tend to sell them to dealerships who sell some at auction to “buy here pay here” lots and the rest get crushed. Cars aren’t like currency where they keep circulating around forever.
It’s been diminishing returns since basically the end 2000s. Like an average of 1~2mpg better in 15 years. That’s nowhere enough to offset production of new cars.
Sure. Either way, if the goal is to keep older cars on the road, I don’t think EVs are impacting that. If cars are useful, they get driven. If there isn’t a market for them here, they get shipped overseas to developing markets to be used there. Nobody is throwing away functioning or serviceable vehicles.
We don’t need tariffs to kill off Tesla. The market here is doing that already just fine.
I just ordered a Kia, now I’m afraid the prices will go down after I get it.