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Warranty costs a by product of poor quality
Warranty costs increased from expected 8% to 12% in 2024. Cost drivers: more vehicles; EVs are costing 3x more in warranty; new models released, and; more expensive technology. It reminds me of when Toyota ate Detroit's poor quality.
Source:
Bob Wilson -
Here's Why This Toyota Prius Changed The World
This.... is a 2006Toyota Prius.
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EV population by country
Came across this:
- Blue box - twice the USA density
So I see the major drivers for EV adoption:
- COST - both direct and indict health benefits
- EFFICIENCY - saving the individual money to drive
- "climate change" - not so much although it plays for some
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