ICYMI: Fearless automotive predictions for 2023 and beyond — via drivingdotca automotive 2023
. So, look for the supply chain issues that have been stunting car sales to ease starting sometime this summer. Good news, right?The massive economic downturn due this springArticle content
With them will go eight-year auto loans, the last bastion of affordability for Canada’s working poor. Ditto subscription-based “mobility solutions.” And methinks those automakers looking to rent EV batteries in perpetuity —This advertisement has not loaded yet, but your article continues below., American home buyers, wary of rising interest rates, are increasingly paying cash on the barrel for their new abode.
The cost of an EV electric battery will go up long before it goes down. It would not be impossible for a kilowatt-hour of lithium-ion to hit US$200 by 2026 or so before starting to slide back to its early-2022 low of US$130/kWh. Look for the spread between EVs and their gasoline-fuelled equivalents to widen, not narrow.Article content
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