RE:RE:RE:RE:RE:EV prices must fall and ... Team Eddie,
As to your "FACTS".
From EV Auto Publication 1
In July 2023, the average price Americans paid for a new EV was $53,633. In August 2023, the price fell by $257 to $53,376. Those averages do not take the most recent reductions from TESLA which as you should now can influence on the average given their volume.
From that you can reduce the price by up to $7500 in the US if the vehicle qualifies for subsidies and $5K or more depending on where you live in Canada.
There are no subsidies for purchasing ICE vehicles.
SO, NOT INCLUDING INCENTIVES IS $17,000 LOWER THAN YOUR STATED AVERAGE OF $70,000.
And according to Kelly Blue Book, As of March 2023, the average price of a new car in the USA was just over $48,000.
The delta between the two "averages" is a little over $5000 and goes to ZERO when incentives are factored in.
Now, anyone contemplating a purchase of an EV can expect to save at least $2K in operating costs per year. Look that up if you don't believe me.
Vehicle purchases are amortised for up to 7 years. Over 90% of new car sales are financed or leased. Interest and lease rates have skyrocketed over the last 12 months (in case you haven't noticed). And furthermore, Tesla's recent DEEP DISCOUNTING OF NEW MODELS, has blown up residual values on leases, making them even more expensive than they might otherwise be.
There are EV models for most budgets. What we don't know if the models they are producing at these price points meet the needs of those thinking of purchasing them.
That is what the industry is working out as we speak. Just like they did when Daimler and Ford started over 100 years ago.
Now as to your Question regarding EXRO. My response was factual. You didn't like it. Too darn bad. It was a REALLY STUPID QUESTION. AND YOU ASKED IT KNOWING IT WAS STUPID.
And for those interested, none of the current EV market problems are affecting EXRO in any way shape or form as it pertains to the passenger EV market.
EXRO is in early stage work (according to them) with some OEMs in that segment. But as EXRO has stated they require 12 months of manufacturing and process data to submit for certification and acceptance by the largest OEMS.
The confluence of all of these macro level issues is troubling from a share price perspective but certainly not from the perspective of long term prospects.
OEMs have to find better ways to produce better products, profitably. EXRO represents an opportunity for them to do just that. Time will tell.....