It's just too much for a car. Cars are depreciating assets, and EVs are "more worser".
Polestar 4 appearance
- Thread starter Snagglefoot
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- Nov 23, 2020
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I've spent enough time on Rennslist and other car forums to recognize and accept that some people have a lot more money than me. Some of them are my clients. If you got a few million sitting in investments earning a good return, then spending an extra 50k on a vehicle isn't a big deal, so they prioritize getting what they like. For some folks dropping 10k is like the average person spending 1k. It's just not impactful given their overall net worth and income level.
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Supposedly the economy is turning "K-shaped." The stock market has been doing well since the pandemic, so those with substantial assets are still in the mood to spend. Everyone else is cutting back. Polestar is a premium brand, so it's going for the higher end of the market. Jaguar is doing the same. Ford, Slate, and Rivian are targeting the middle and lower end.
I'm fine with insanely expensive EVs because I don't feel the need to be first, as I don't feel like being bothered with the inevitable software or hardware issues. when I had my I-Pace it was half off the MSRP. I expect something similar will happen here. Most purchasers will lease and the vehicles will see steep depreciation, as with the Taycan and other luxury EVs. It's a win for consumers of all stripes.
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$50k I get for a car. That's just where the market is if you want a little tech and not a base vehicle. At 2x-3x that I just don't see it.
It's not for you then like every over EV you continue hammering on about here then.
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I paid under 40k for an I-pace that MSRPd over 80k. At the time it was the most I ever paid for a car. It was definitely worth it. Ever single trip became more enjoyable. Every surface in that vehicle was covered in rich materials. The handling and acceleration were excellent. The car drew attention everywhere we went.
But value is a very subjective thing. My Blazer cost more than the I-pace and it's worse in every metric except range, charge speed, and space. I needed the tax credit so I went through with the purchse. Some might say it's not worth it, but again, it's a subjective value judgement. At the time I valued the tax offset more than the specific attributes of the vehicle. YMMV.
