13 Jul '12, 6pm

Is $23,750 The Right Price To Get Electric Car Sales To Soar?

Is $23,750 The Right Price To Get Electric Car Sales To Soar?

Oh dear God here we go again. You can't judge customer's willingness to pay for something by asking them. Please review Bob Lutz's book and the failures of Conjoint Analysis. It simply doesn't work. Also, the problem with EVs might not be the price at all but other things. But just as a general question, why is the "Expensive" line higher than the "Too Expensive" line. It seems backwards to me. In contrast, the "Too Cheap" line is lower than the "bargain" line, which seems more likely. Wonder if they did any benchmarking to see if this technique could accurately predict the right price for an ICE (which is known) and to what accuracy could they predict it.

Full article: http://www.greencarreports.com/news/1077694_is-23750-the-...

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