, Columnist
You Didn't Buy an Electric Car. But You're Paying for One.
Automakers want to keep prices high for new and used vehicles to help fund the move away from gasoline.
High prices for gasoline-powered vehicles will help fund the electric car revolution.
Photographer: Joe Raedle/Getty Images
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Cars have been a big part of the U.S. inflation picture over the past year. Since a computer chip shortage slowed production and drove up prices for new and used vehicles, fixing those supply chain problems in 2022 was supposed to normalize the market again, helping cool inflation more broadly.
Sorry, but no.