Cheaper EVs are on the way
Marketplace Morning Report
Marketplace
4.5 • 927 Ratings
🗓️ 29 May 2026
⏱️ 8 minutes
🧾️ Download transcript
Summary
The Jeff Bezos-backed Slate is a super bare-bones EV that can be configured as an SUV or pickup with starting costs in the mid-$20,000s. Chevrolet, Nissan, Toyota, and Subaru presently offer fully electric models in the $30,000 and $35,000 range, and Ford plans on launching a lower-cost electric truck next year, too. Today, we dig into the growing competition for cheaper electric cars. Also on the show: a check-in on consumer savings and market movements.
Transcript
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| 0:00.0 | Markets are staying optimistic despite all the geopolitical uncertainty. |
| 0:06.0 | From Marketplace, I'm Novosafo. Good morning. |
| 0:09.0 | Markets are in wait-and-sea mode this morning, as President Trump considers whether to approve a 60-day ceasefire extension agreement with Iran. |
| 0:17.0 | It calls for reopening the Strait of Hormuz, while negotiations continue on thorny issues, such as the fate of Iran's nuclear program. |
| 0:25.0 | But despite all the geopolitical turmoil, the S&P 500 is on track for its ninth consecutive weekly gain. |
| 0:32.2 | Joining me now to explain why is Russ Mould at the UK-based investment platform, A.J. Bell. Russ, Good day to you, the whole whole is well. Thank you. Inflation is heating up. Energy prices are well above pre-war levels, and yet stocks on Wall Street at least, and please enlighten me about Europe, are doing quite well, thank you. Why is that? I think there are a number of reasons. The first one is markets rightly or wrongly remain convinced that the 8th of April ceasefire between Washington and Tehran meant that the escalation phase was over and the de-escalation phase would begin and that the result of that would ultimately be a peace deal on hopefully humanitarian grounds, but also from the selfish |
| 1:12.7 | perspective of financial markets, something that would help global trade flows, get the |
| 1:16.3 | oil price back down. |
| 1:17.6 | Secondly, there's no doubt that quarterly earnings season has been extremely strong, positive |
| 1:22.1 | surprises of outweighed negative ones. |
| 1:24.6 | Earning's momentum looks extremely powerful at the moment. |
| 1:28.3 | And the third one, |
| 1:33.5 | the US market continues to get this tailwind from the artificial intelligence tech trade. |
| 1:41.0 | And are certain sectors, aside from AI, the main AI companies, what are some of the other sectors on Wall Street and in Europe that you're seeing kind of really |
| 1:44.9 | pop right now? |
| 1:46.1 | You have seen a little bit more breadth in the past week or two. Financials have been hanging |
| 1:50.9 | in there, but healthcare has started to join the party a little bit. So that is actually |
| 1:54.5 | what you want to see, to have real confidence that we're not in some sort of mad final melt-up |
| 1:59.5 | stage, you would like to see |
| 2:01.0 | more breadth in the market, more sectors, more stocks joining in. |
| 2:05.9 | Ross Mold at AJ Bell in London. Thank you very much for your time. |
| 2:10.0 | Thank you. |
... |
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