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Why the Rich Get Very Good Electric Cars Before You Do?

19 Feb 2023 | Abstracted from Bloomberg

"Kyle Stock has done some great work looking at who is buying electric vehicles. Turns out, it's rich people.

"The surge to high prices for the best EVs, making them attainable only for wealthier consumers started with Tesla..a lot of EV buyers are loading up on, if not downright hoarding, them. Some 26% of EV buyers in the second quarter either traded their used electric car for a new one or simply added another to their garage."



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