Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! Steve Hanley wrote a great article about some nonsense lobbying Toyota is already engaged in following the results of the US election. I found Toyota’s complaining to be insidious, ridiculous, and laughable, so I ... [continued]
Ehhh, (at least in the US) considering the cost of living and insurmountable debt so many young people get into these days due to lack of financial education… even a $20k car loan can still be out of the question for a median salary, assuming a decent budget split recommended by most financial advisors because hardly anyone has adequate savings or emergency funds. But yet so so many people in their 20s and 30s with tens of thousands of debt end up getting loans for $50-$60k cars. It takes a lot to afford a $30k car and there’s like… 2??? EV options anywhere near that price here. And while the used market continues to improve, there’s still just not enough options that make financial sense, especially as subsidies die down in many areas.
Poor or rich, people on the whole will choose the more affordable option.
Ehhh, (at least in the US) considering the cost of living and insurmountable debt so many young people get into these days due to lack of financial education… even a $20k car loan can still be out of the question for a median salary, assuming a decent budget split recommended by most financial advisors because hardly anyone has adequate savings or emergency funds. But yet so so many people in their 20s and 30s with tens of thousands of debt end up getting loans for $50-$60k cars. It takes a lot to afford a $30k car and there’s like… 2??? EV options anywhere near that price here. And while the used market continues to improve, there’s still just not enough options that make financial sense, especially as subsidies die down in many areas.