• chiliedogg@lemmy.world
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    5 hours ago

    But the prices won’t go down. Reductions in production costs are only reflected in sale prices when there’s a market force driving the costs down. Right now, people have to own cars, and the barriers to entry into the matlrket are too high for new competitors. There’s no reason for the auto manufacturers to lower prices if their costs go down. They can just pocket the difference.