Electrical and Computer Engineering

Because customers are stupid and willing to pay for it rather than vote with their wallet.

I bought an EV on the last day of the year and specifically got it used to save and not pay the outrageous prices, especially since they degrade in value super quick and by high percentages when bought new. Meanwhile I’m only underwater by $1.5k. Yeah, it had 50k miles, but the battery was still above 80% in health based on my test.

People in my area are driving all sorts of SUVs that are going between $80-$120k and I just don’t see how or why. I remember when these were $50k only a few decades ago and were considered pricey. And what’s worse than the high price is the more frequent issues of these cars and people still are paying higher prices and then bitching about it on TikTok and the like but even with all the exposure, people are still buying them.