German Manager Magazine: Electric cars, Tesla, Yayoi Kusama, Allianz – that was Thursday, August 8th, 2024003492

Have you ever thought about mothballing your old combustion engine and putting a brand new electric car in your garage instead? As tempting as this idea may sound, caution is advised. Tesla boss Elon Musk (53) boasts that a Model 3 or Y has a mileage of up to 800,000 kilometers, but when Tesla customers have their electric vehicles rolled into the workshop, it quickly becomes quite expensive.

As my colleague Lutz Reiche has researched, the repair costs of electric cars are, on average, significantly higher than those of their combustion engine competitors. The axle suspensions and tires of electric cars in particular wear out more quickly and therefore need to be repaired more often. What further fuels the cost problem: Workshops still charge more for electric cars than for repairs on a diesel car.

Car rental companies have already drawn conclusions. Sixt is sorting out its Teslas, and competitor Hertz has also canceled tens of thousands of orders. You can read about the full dimension of the electrical repair misery and why industry experts still rely on e-mobility here: “The electric car shock in the workshop“.

Men are causing the lull this time. Artists like Pablo Picasso or Richard Diebenkorn are currently not particularly in demand on the art market. Women are more popular: pictures by female artists are experiencing a real boom. Corresponding price increases for painter Yayoi Kusama included. The Japanese woman’s pictures even sell more money than works by Gustav Klimt. Is it this gender paint gap?

Many greetings, Vinzenz Neumaier

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