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Is automotive deflation inevitable?
The average US new car costs nearly $50,000 right now and the average electric car price in the United States hit $66,000 last month – a more than 13% increase year over year.Those numbers combined with high interest rates and gasoline prices will inevitably put a squeeze on consumers. At some point, there just won't be enough demand to match supply capacity.The big bet is on technology. Electric cars are easier and cheaper to build and Elon Musk thinks they can get much cheaper still. The probl...
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Posted: Sep 8 2023, 14:41
Author Name: forexlive
Views: 111551