Comments by "Be Low Below" (@toyotaprius79) on "DW REV - Cars & Mobility"
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Western automakers know the writing in the wall, cheap and practical electric run abouts are what people want, not KIAs that compete with BMWs. Chinese micro EVs like the Cherry qq, Lumin corn, Wuling Mini EV, Air EV and Bingo; they will wipe the floor with Western automakers.
9:17
The micro EVs in China are very lucrative for European buyers, especially when western automakers don't see any sense/profit in making city cars, so they tart them up into Crossover/SUVs and slap +3000€ on them.
Toyota Aygo X is a perfect example. The killing of the VW Up, Citroen C1/Peugeot 108/Toyota Aygo are a few more.
They see profit in executive Tesla Model 3/BMW 3 series vehicles, or larger, thirstier crossover versions that carry more profit with not much more costs to produce. That's one side of the story that most people find hard to accept about what really drives inflation, profits return to investors; unsustainable economic growth and compounding profit for the supply. Invertors rely on their money inflating.
It gets a lot worse when it comes to human necessities like housing, like what has plagued Ireland
In a time of crisis, the free market must be caged and the economy (and its products) planned for an organised society in said crisis.
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