The data found about 68 per cent of car shoppers in 2022 who did not own an EV showed an intent to purchase one, but that dropped to 56 per cent this year.
The data found about 68 per cent of car shoppers in 2022 who did not own an EV showed an intent to purchase one, but that dropped to 56 per cent this year.
You could rewrite this as “Canadians crunched by inflation, corporate profiteering, are unwilling to spend money on top-trim, high-margin electric vehicles that manufacturers want to them buy instead of cheaper cars that they can afford”.
It is true, though:
More people rent, and so can’t charge at home
Interest rates have made monthly car payments out of range
People are squeezed everywhere else
Automakers (and frankly, the rest of the supply side) got addicted to debt-fueled spending and are absolutely unwilling to go back to an era of lowered expectations. I mean, we all have to do with less, but we can’t expect our Captains of Industry to share the pain.
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You could rewrite this as “Canadians crunched by inflation, corporate profiteering, are unwilling to spend money on top-trim, high-margin electric vehicles that manufacturers want to them buy instead of cheaper cars that they can afford”.
It is true, though: