Video by Bakunin Live | Electric Vehicles via YouTube
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‘The Era of the Cheap Car Is Over,’ said Renault’s president, Luca De Meo, in an interview with Autocar a few weeks ago. It’s pretty hard to disagree. The average price of an average new car increased by 11% in August to $46K in the United States. The same trends are observed in Europe; and yet, the UK-based manufacturer, MG, has decided to go against this trend by releasing the MG4 EV – the most affordable electric vehicle in its segment in Europe. What exactly is going on here? Why this controversy? Let’s discuss this. Stay tuned!
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