‘The early adopters have adopted’: US carmakers slow their EV growth plans

boem@lemmy.world to Technology@lemmy.world – 75 points –
ft.com
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There's only so many people who can afford to spend $60,000+ on a car

I was surprised to learn the Chevy Bolt is 26k for the base model, and would only cost 19k after the federal credit.

The issue is that gor some reason nobody speaks in total cost of buying a car, not the car dealers not the banking institutions. They all talk about monthly payments and for some reason people can't do basic math that $1000 for 60 months is a huge fucking amount.