{"id":28559,"date":"2021-02-22T12:23:00","date_gmt":"2021-02-22T17:23:00","guid":{"rendered":"https:\/\/philip.greenspun.com\/blog\/?p=28559"},"modified":"2021-02-12T10:34:06","modified_gmt":"2021-02-12T15:34:06","slug":"a-5000-electric-car","status":"publish","type":"post","link":"https:\/\/philip.greenspun.com\/blog\/2021\/02\/22\/a-5000-electric-car\/","title":{"rendered":"A $5000 electric car"},"content":{"rendered":"\n<p>One of my worst predictions ever was <a href=\"https:\/\/philip.greenspun.com\/blog\/2003\/06\/04\/the-chinese-car\/\">a 2003 forecast that, by 2023, the Chinese would be able to sell a basic car for $3,000 in 2003 dollars<\/a> (about $4,300 in today&#8217;s money, adjusted via the BLS CPI calculator). I further thought that Americans, instead of burying themselves in debt to buy a needlessly fancy car, would get around in these $4,300 cars.<\/p>\n\n\n\n<p>The market has moved in the opposite direction, with cars over $40,000 being average (<em><a href=\"https:\/\/www.usatoday.com\/story\/money\/cars\/2021\/01\/07\/new-cars-trucks-suvs-financing-downpayment-prices\/4139776001\/\">USA Today<\/a><\/em>).<\/p>\n\n\n\n<p>Perhaps there is hope, though! <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-09-25\/tesla-s-nemesis-in-china-is-a-tiny-5-000-electric-car-from-gm\">&#8220;Tesla\u2019s Nemesis in China Is a Tiny $5,000 Electric Car From GM&#8221;<\/a> (Bloomberg):<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>The Hongguang MINI EV, made by SAIC-GM-Wuling Automobile Co., is currently the hottest EV in China, the world\u2019s biggest automobile market. Sales of the compact four-seater beat industry giant Tesla Inc. in August, with consumers wowed by its tiny price tag &#8212; the EV retails for between 28,800 yuan ($4,230) and 38,800 yuan &#8212; and its ability to run for as many as 170 kilometers (106 miles) on a single charge. Orders exceeded 30,000 units in just 50 days.<\/p><p>\u201cA lot of consumers don\u2019t need anything fancy, a commute is all they ask from a car,\u201d said Yale Zhang, founder of AutoForesight, a Shanghai-based consultancy. \u201cI\u2019m all for a product like the MINI EV.\u201d<\/p><\/blockquote>\n\n\n\n<p>Maybe by 2023 this will be improved? It already has a top speed of 62 mph, according to <a href=\"https:\/\/en.wikipedia.org\/wiki\/Wuling_Hongguang_Mini_EV\">Wikipedia<\/a>. That&#8217;s nearly double <a href=\"https:\/\/philip.greenspun.com\/blog\/2021\/02\/05\/save-lives-by-limiting-cars-to-35-mph\/\" data-type=\"post\" data-id=\"30972\">my proposed speed limit that will keep Americans safe<\/a>.<\/p>\n\n\n\n<p>The interior:<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><a href=\"https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2021\/02\/image-5.png\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2021\/02\/image-5-1520x1019.png\" alt=\"\" class=\"wp-image-31072\" width=\"450\" height=\"301\" srcset=\"https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2021\/02\/image-5-1520x1019.png 1520w, https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2021\/02\/image-5-1024x687.png 1024w, https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2021\/02\/image-5-300x201.png 300w, https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2021\/02\/image-5-768x515.png 768w, https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2021\/02\/image-5-1536x1030.png 1536w, https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2021\/02\/image-5-2048x1374.png 2048w\" sizes=\"auto, (max-width: 450px) 100vw, 450px\" \/><\/a><\/figure><\/div>\n\n\n\n<p>The exterior:<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><a href=\"https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2021\/02\/image-6.png\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2021\/02\/image-6.png\" alt=\"\" class=\"wp-image-31073\" width=\"495\" height=\"349\" srcset=\"https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2021\/02\/image-6.png 1449w, https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2021\/02\/image-6-1024x723.png 1024w, https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2021\/02\/image-6-300x212.png 300w, https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2021\/02\/image-6-768x542.png 768w\" sizes=\"auto, (max-width: 495px) 100vw, 495px\" \/><\/a><\/figure><\/div>\n\n\n\n<p>The commercial.. <\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"jetpack-video-wrapper\"><span class=\"embed-youtube\" style=\"text-align:center; display: block;\"><iframe loading=\"lazy\" class=\"youtube-player\" width=\"1000\" height=\"563\" src=\"https:\/\/www.youtube.com\/embed\/YZTijpAW6Gg?version=3&#038;rel=1&#038;showsearch=0&#038;showinfo=1&#038;iv_load_policy=1&#038;fs=1&#038;hl=en-US&#038;autohide=2&#038;wmode=transparent\" allowfullscreen=\"true\" style=\"border:0;\" sandbox=\"allow-scripts allow-same-origin allow-popups allow-presentation allow-popups-to-escape-sandbox\"><\/iframe><\/span><\/div>\n<\/div><\/figure>\n\n\n\n<p>With two more years of Chinese-speed innovation, why wouldn&#8217;t this be a good car for Americans?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of my worst predictions ever was a 2003 forecast that, by 2023, the Chinese would be able to sell a basic car for $3,000 in 2003 dollars [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[35,57],"tags":[],"class_list":["post-28559","post","type-post","status-publish","format-standard","hentry","category-cars-including-self-driving","category-china"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - 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