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Denis Oudard's avatar

The Corolla of EV exists. It's called the CHEVY Bolt. I bought one in October. Listed at $29K, the drive out of the lot was $36K, minus the $7.5K I got back on my taxes, Final price: $28.5K. I am very happy with it, I fill it up for $8 at my work twice a month, and for even less at my house (GM pays for the installation of a charger at your home)

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AlexTocq48's avatar

I think it definitely makes sense to prevent China from dumping cheap EVs on us like they're 80s Japan, but what's the long term solution to the cost gap? It costs GM $100k to make one EV, and sales in the US are slowing even with the IRA subsidies. (https://www.reuters.com/business/autos-transportation/ev-sector-grapples-with-layoffs-production-cuts-altered-plans-2024-02-22/). If everyone needs to buy EVs eventually, how can we compete with China, Germany, or others if we can't get our products off the ground for a reasonable price. Do we just keep subsidizing?

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