Electric Vehicles Pushing Tire Costs Higher For Consumers

Tire prices will rise as America transitions from conventionally-powered internal combustion vehicles to battery-only vehicles. Electric vehicle owners will find that they need to replace tires more frequently, and when they do replace them, the cost will be much higher than tires for an equivalently-sized conventionally-powered vehicle.

Tires Are Increasing In Price There are multiple reasons for tire price increases in America today. Indeed, inflation plays a role. Shortages, industrial shutdowns due to the pandemic, and supply vs. demand are all reasons why …

Source: Torque News