Expectation of future price and electric cars

See American Consumers Lose Patience With High Car Prices: Shoppers are downsizing, buying used vehicles, taking on longer car loans and holding out for deals by Sharon Terlep of The WSJ. Excerpt: 

"But now auto tariffs, persistent inflation and a tighter job market have more Americans rethinking their biggest-ticket purchases. Meanwhile, the collapse of the U.S. electric-vehicle market—hastened by the end of the federal government’s $7,500 EV credit in September—has cost the industry hundreds of thousands of potential vehicle sales.

With a surge in EV demand before the credit expired, auto sales kept ahead of pace through three quarters, as automakers with large North American footprints flexed their ability to produce and absorb the tariff burden. General Motors sales jumped 10.5% and Ford’s rose 7.3%. But then October’s selling rate was the slowest in more than a year, November results announced this week are expected to be down, and a quick rebound isn’t in the forecast."

Expectation of future price is a shift factor for demand. When buyers expect significantly higher prices in the near future their demand today increases. With the end of the $7,500 EV credit coming, car buyers knew that the price of EVs that they paid would go up soon.

Other posts on expectation of future price:

Buy Now Before Tariffs Hit, Retailers Are Telling Shoppers: Businesses play up fears of a price hit in marketing goods from furniture to fishing rods (2024) 

Expectation of future price in the news (2024)

Record Cocoa Prices Are Making Sweet Cravings Expensive (2024)

Supply, demand and the price of bacon (2023)

Are Expectations Helping To Raise The Price Of Lithium? (2021)

Farmers might be reducing supply of corn now in expectation of higher prices this fall (2019)

Supply Means Producing A Good And Customers Being Able To Purchase It (2018)

Russians rush to stores to pre-empt price rises (2015)