Chip Shortage And Fewer New Cars Making Used EV Prices Skyrocket
May 06, 2021 at 1:03pm ET ++ The smaller inventory of used electric cars also contributes to this phenomenon.
Supply and demand laws always work. If you do not have the option to buy what you want, you’ll inevitably try to find the closest thing to that. If that product had a low price, it would inevitably increase with more demand. With a lack of new cars due to chip shortages, that means you’ll consider a used one. According to Green Car Reports, this is part of the explanation for the price increase used EVs are experiencing in the US.
Will American Consumers Get A Charge Out Of Electric Vehicles? benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
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Yes, Tin Lizzie Was An Alcoholic - Newly Updated
1911 Model T Touring - photo by Lars-Göran Lindgren Sweden
Correcting Bad Revisionist History About Ford s Multi-Fuel Model T Automobile
Great essay!
Douglas Brinkley, Professor of History, Rice University; author of Wheels for the World: Henry Ford, His Company, and a Century of Progress
By Marc J. Rauch
Marc Rauch
The most venerated automobile of all time is Henry Ford s Model T. Nicknamed Tin Lizzie, Leapin Lena, and sometimes Flivver, the Model T went into production
in 1908 and the last models rolled off the assembly line in 1927. The vehicle was a success everywhere in the world it was sold because it made owning a car affordable to the masses for the first time.