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Ford shifting focus to smaller cheaper EVs (www.reuters.com)

submitted 3 days ago by SteveInVentura@lemmy.today to c/electriccars@lemmy.ca

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Ford seems to be refocusing it’s #EV efforts towards smaller, less expensive EVs with cheaper battery technology in an effort to stay relavent given the low cost EVs coming out of China. This is in contrast with GMs efforts which seem to lean towards larger SUVs and trucks.

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[–] SanctimoniousApe 1 points 3 days ago (1 children)

sedan with a truck chassis will drive terribly.

I'm no vehicle aficionado, so I don't know just how bad you're thinking it will be. Regardless, if they can make it tolerable then I'd think all it needs is to be functional and cheap to find an audience - particularly if most of their competition is focused elsewhere.

car buyers are old people

What?!?

[–] Semi_Hemi_Demigod@lemmy.world 2 points 3 days ago (2 children)

The last cars that had truck chassis were the giant land yachts from the 70s, but even they were on car-body frames and still drove terribly.

How many people under 40 have the $700/month car payment and $300 a month for insurance on a new car?

[–] lemming741@lemmy.world 2 points 3 days ago

2011 Lincoln Towncar has entered the chat

[–] SanctimoniousApe 1 points 3 days ago* (last edited 3 days ago) (1 children)

$700/mo for a $30-$40K car seems like a raw deal to me, but I'll admit it's been quite a while since I shopped for a new car. Insurance shouldn't be that high over 30 unless you're in a bad area (or have a bad record).

[–] Semi_Hemi_Demigod@lemmy.world 1 points 3 days ago (1 children)

The average new car price is closer to $50k, with SUVs and luxury cars sometimes going up to $100k.

But the big problem is interest rates. Even with great credit you could be looking at 10-15%, and loans of 20-25% aren’t uncommon.

Pair that with 84-120 month loans and things get crazy quick

[–] SanctimoniousApe 2 points 3 days ago

I'm vaguely aware of the typical price range, but I was sticking closer to the price mentioned in OP as the topic of discussion.

Those rates are indeed insane - especially over such a long term. I guess I can see why you say it's only old people if that's truly the case, but it also seems like sales suicide for manufacturers to allow that to remain the case.