The market decided it’s not much of a luxury vehicle either.
Comment on Lucid Motors drops the price of its cheapest EV by more than $8,000
Ilovethebomb@lemm.ee 4 months agoThis is by no means a “basic” car though.
guacupado@lemmy.world 4 months ago
M500@lemmy.ml 4 months ago
It not just this car though. Everything seems to be going that way.
Ilovethebomb@lemm.ee 4 months ago
Possibly, but you moaning that you can’t afford a premium vehicle from a luxury car maker is a bit silly.
Blue_Morpho@lemmy.world 4 months ago
He is referring to how everything is becoming premium. A model T in 1916 was $350. Inflation adjusted that’s $11,000. You can’t buy a new car for $11k. Now of course a new car does so much more. But that also means there have been no productivity gains in 100 years to offset the cost of the added features.
Untold1707@lemm.ee 4 months ago
I don’t think that’s a fair comparison. If companies could get away with making a car as unsafe as the model T, you’d probably see quite a few $10k cars on the road. But as it stands today, most cars are required by law to have all sorts of safety features built in.
As our standard of living and safety goes up, so does the price of goods because more is required to go into R&D and manufacturing.
Ilovethebomb@lemm.ee 4 months ago
You could probably make a model T today for 11k though.
Besides, there are definitely death traps that are only road legal in places like India that you can buy for 11k