Basically, Chevy is trying to leverage the Osborne effect against rivals (probably targeting Tesla). They say that a cheaper EV is coming soon so don’t buy that EV you’ve been looking at. Then it comes out more expensive and later than “expected”. Toyota is doing the same every year with “solid state 600 mile range coming in 2 years!”.
Basically, Chevy is trying to leverage the Osborne effect against rivals (probably targeting Tesla). They say that a cheaper EV is coming soon so don’t buy that EV you’ve been looking at. Then it comes out more expensive and later than “expected”. Toyota is doing the same every year with “solid state 600 mile range coming in 2 years!”.