Tesla, Ford and GM Raise EV Prices as Costs, Demand Grow

Auto makers mark up electric vehicles to offset rising battery-material costs and capitalize on the interest caused by higher gas prices

With gas prices on a wild ride, many consumers are exploring whether buying an electric vehicle could save them money in the long run. WSJ’s George Downs breaks down four factors to consider when buying a new car. Photo composite: George Downs

Get ready to ride your bicycles

It was bad timing tbh. The world is starting to open up from the pandemic then decided to have a energy war without understanding how inflation works 😂

Yes, till the govt starts adding road taxes which will probably be higher than the current tax on petrol fueled vehicles due to the weight differences.

they’re not very focused on the environment then are they?

After the Big Bang cloud of hydrogen, helium, and lithium formed. Meaning there is a gas state of lithium. 20 tons to 1 Can be recycled infinity

Should be cheaper. Minus inflation.

Tesla increasing price again and again with their 30% gross profit margin is a true scam. $tsla

Don't forget...you still need to pay for the electricity and the time it takes to fill the ev...

How much does a battery cost? How much will it add to your electricity bill? If the battery goes bad how do you dispose of it?

They're prohibitively expensive and there's no used market yet It will be at least another decade before they are the norm on the road.

Wellllllll that is generally how economics works, just saying

Demand drives up prices? 🤔

Try used avg $23k

So… NOT a way to sidestep soaring gas prices.

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