More like, until the Chinese weasel their way into the US market with cheaper-than-used cars to undercut the legacy auto makers. 10 years or so, it’ll happen. And the big 3 will be begging for bailouts again. That is unless they smarten up and remember what made Ford what it is today.
They’re already doing that in some parts of the world. Then when they get sizeable market share, they emulated what the previous car makers do. It’s just not an improvement. It’s more of the same, only the manufacturer is different.
Basically we move back to a feudalism world where you don’t own anything anymore and you have to pay recurring rents. And as you don’t own it they can fuck you over by increasing rents or disable features when you can’t pay.
It won’t just be electric cars, it’ll be all new model cars from manufacturing companies. At least until ICE is phased out.
More like, until the Chinese weasel their way into the US market with cheaper-than-used cars to undercut the legacy auto makers. 10 years or so, it’ll happen. And the big 3 will be begging for bailouts again. That is unless they smarten up and remember what made Ford what it is today.
They’re already doing that in some parts of the world. Then when they get sizeable market share, they emulated what the previous car makers do. It’s just not an improvement. It’s more of the same, only the manufacturer is different.
Cory Doctorow has written a great article about this phenomenon a few days ago: https://pluralistic.net/2023/07/24/rent-to-pwn/#kitt-is-a-demon
Basically we move back to a feudalism world where you don’t own anything anymore and you have to pay recurring rents. And as you don’t own it they can fuck you over by increasing rents or disable features when you can’t pay.
Yeah that’s true. I wonder if the market for older cars has been going up yet.