Average U.S. vehicle age hits record 12.6 years as high prices force people to keep them longer
spidermanchild @ spidermanchild @sh.itjust.works Posts 0Comments 101Joined 1 yr. ago
spidermanchild @ spidermanchild @sh.itjust.works
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Saying cars aren't improving in reliability, safety, and efficiency anymore is a bit of a simplification given the massive upheaval underway as the industry electrifies. BEVs are a massive step change in efficiency. My takeaway is just that shortages during COVID increased prices, coupled with inflation and high interest rates making the payments mind boggingly stupid as people are squeezed financially. I wish it was people driving less and riding ebikes more, but not sure any data points to that.