As new technologies mature OEMs will be able to lower vehicle prices. They will develop economies of scale that will bring down the cost of production. Their margins can remain the same while the price point decreases.
Insurer Alarm as BEVs Scrapped After Minor Accidents UK research into BEV accident write-offs reveals electric cars are being scrapped after just minor accidents because insurance companies can’t get data from vehicle batteries.
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U.S. Light-Vehicle Sales End First-Half 2023 on Solid Note as June, Q2 Record Double-Digit GrowthWith second-quarter results finishing 18% above the same period last year, first-half 2023 volume totaled 7.66 million units, a 13% increase on January-June 2022. Sales are forecast to rise 11% year-over-year to 7.72 million units in the second half, and Wards Intelligence partner GlobalData is pegging entire-2023 at 15.4 million units.
