There were new car deals with $15k of incentives. I think you could get a Fiat 500e for like $220 a month with $0 down at one point, which was the cheapest new car lease in the industry. Tesla was publicly shamed for adjusting MSRPs down and everyone else just crank incentives all the way up. The customer's had no idea the math for them is basically the same. For the market, yeah it's been propped up for a long time. This will let the air out of it and remove all the fake value. When new cars are like 50% off MSRP that's not a sign of a healthy market, I am all for blowing it all up and letting reality take it's course.
Trump Pledges Action To End EV Mandate In Inauguration Speech
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Yeah but who wants a Fiat 500e? In 2023 Fiat sold 602 cars in the US, TOTAL. I'd wager that number will be less for 2024.
BZ4X and Soltara are suffering similar fates even though they lease incredibly well. As a 'Toyota employee' I can lease a base FWD BZ4X for $200/month for 3 years, 36k miles, no money down. But those cars suck compared to similarly priced EVs and have massively inflated MSRPs even with the reduction for 2025. At one point you could buy a Corolla hybrid that gets nearly 50mpg for half what a BZ4X cost. Just doesn't make sense unless you're dedicated to the tech, or 'going green' or whatever.
Dude, this is all you.
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Hybrids are estimated to represent ~15% of vehicle sales this year, while EVs are expected to be ~10%. Buyers still want affordable cars, and hybrids check that box vs. EVs. Plus, the OEMs plan on making more hybrids than EVs, anyway.
