this post was submitted on 16 May 2024
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Electric Vehicles

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NIO undercuts Tesla Model Y with new $30,000 L60 EV, kicking off cheaper Onvo brand (electrek.co)
submitted 4 months ago by [email protected] to c/[email protected]
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[โ€“] [email protected] 16 points 4 months ago* (last edited 4 months ago)

Late 1980's saw the introduction of a cheap small car called the Yugo, $3999 for the base model. Dive into how it did and why. Now consider that with inflation, $3999 is about $10,000. Even the Smart Car retail was last around $24,000 and I think a basic EV would have more cost built into it that those.

I agree that cars, EV or otherwise, could be made and sold at lower prices with the basic safety and features if it wasn't a profit driven industry, but your price point isn't realistic. I also think we really don't need more cars even if they are small, dependency on personal vehicles is part of why we have problems now.