JDowns
Well-Known Member
- First Name
- Jeff
- Joined
- Dec 3, 2021
- Threads
- 18
- Messages
- 448
- Reaction score
- 1,642
- Location
- Coeur D'Alene
- Vehicle(s)
- 2021 Ranger XLT Tremor
I'm not buying the lithium shortage one bit. That has been on going for awhile and prices have been steadily increasing but not so much to warrant a drastic shift in pricing. What is odd is that the price increase is just over 15%. Why does that 15% number ring a bell.
What does change is that starting in 2024 the batteries must come from free trade partners other than China, and at least 40% of the battery components be american manufacturing sourced by 2029. That will lead to future price increases, but none of this drastically effects the 2023 production year.
Looks to me like they are just getting ready to pass along the 15% book tax and a bit more to the consumer. All of this with inflation is just going to price more and more people out of the market and have the opposite effect of trying to go EV.
What does change is that starting in 2024 the batteries must come from free trade partners other than China, and at least 40% of the battery components be american manufacturing sourced by 2029. That will lead to future price increases, but none of this drastically effects the 2023 production year.
Looks to me like they are just getting ready to pass along the 15% book tax and a bit more to the consumer. All of this with inflation is just going to price more and more people out of the market and have the opposite effect of trying to go EV.
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