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No, electric vehicle sales aren’t dropping. Here’s what’s really going on (www.cnn.com)

submitted 8 months ago by L4s@lemmy.world to c/technology@lemmy.world

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No, electric vehicle sales aren’t dropping. Here’s what’s really going on::Tesla has been slashing prices. Ford just cut the price of its Mustang Mach-E, too, plus it cut back production of its electric pickup. And General Motors is thinking about bringing back plug-in hybrids, arguably a step back from EVs.

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[-] ShepherdPie@midwest.social 10 points 8 months ago

It's because interest rates are 5x higher than they were a couple of years ago. Nobody wants to finance a $70k car at 8%.

[-] dragontamer@lemmy.world -1 points 8 months ago

Except all the Range Rover buyers. That $90k car is selling like hotcakes right now.

this post was submitted on 26 Feb 2024

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