In this interview, car and automotive industry expert Lauren Fix discusses various topics related to the auto industry, including electric vehicles, government control, affordability, extended warranties, and the impacts of the auto industry strike.
Takeaways
- Electric vehicles have improved over the years, but charging infrastructure remains a challenge, and consumers are hesitant to invest in EVs due to limited charging options.
- Government mandates and pressure to push electric vehicles are driven by control rather than propulsion, and consumers should have the choice to opt for alternative options like hybrids or hydrogen-powered vehicles.
- Affordability is a significant concern, as the average cost of an electric vehicle is higher than that of a gasoline-powered car, and government incentives and subsidies may not be sustainable in the long run.
- When considering extended warranties, it is essential to do thorough research and understand the coverage, deductibles, and repair processes offered by different warranty providers.
- The auto industry strike had significant impacts on the industry, with dealerships struggling to sell electric vehicles and offering discounts to move inventory.
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