Honda cancels plan for cheap electric vehicles, ending collaboration with GM
arstechnica.com
The platform was to use GM's Ultium batteries.

Honda says making cheap electric vehicles is too hard, ends deal with GM::The platform was to use GM’s Ultium batteries.

  • @[email protected]English
    3•1 year ago

    I’m the US the average age in the road is over 12 years and the average retirement age is about 20 years now. We don’t have any required extended warranty rules but do require that OEMs produce parts for at least 10 years. Most parts for most vehicles are available from the aftermarket vendors though.

      • @[email protected]English
        2•1 year ago

        In my experience, at least in the US, most people aren’t getting rid of their car because a new car is cheaper, they do it because the cost to repair the old car exceeds the current car’s value. This is actually a very poor justification for buying a new car but it happens all the time. People get scared when they get a high repair bill and jump into a multi year auto loan costing 250+/month.

        Cars are expensive here though so you’re unlikely to buy new for much less than 20k and the reality is most consumers aren’t buying base model cheap compact cars.

        Of course you may be able to buy used cheaper but people who are afraid of repair bills aren’t usually rushing out to replace one old car with another.