this post was submitted on 10 May 2024
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Technology
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Just producing EV versions of Honda Fit or Ford Fiesta like what the Chinese EV makers do is enough. Instead, they keep producing EVs with luxury features (and high price tags) then surprised people won't buy them without subsidy.
You're describing the Bolt and it sells terribly here. The Model 3 outsells it 20:1 in any given month.
The Bolt isn't cheap though (almost 2x of Honda Fit price), and wasn't produced in sufficient quantity. The Chinese EV companies are somehow able to produce entry level EV models with minimal features at a price cheaper than Honda Fit and they're selling like hot cakes both domestically and in neighboring Asian countries.