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WSJ Tech News Briefing

Why New EV Drivers May Look Beyond Tesla

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.31.7K Ratings

🗓️ 25 January 2024

⏱️ 11 minutes

🧾️ Download transcript

Summary

For a growing number of consumers looking to drive an electric vehicle, leasing one is looking more appealing than buying one. Stephen Wilmot, an editor of WSJ’s Heard on the Street column, tells host Alex Ossola what this shift means for the broader EV market and Tesla. Plus, Apple users in Europe will soon be able to download apps outside of the iPhone’s closed ecosystem. But Apple’s new policies may mean developers will have to pay to put their apps elsewhere. WSJ reporter Aaron Tilley tells host Alex Ossola about what the change might mean for users and developers, and whether it could happen in the U.S., too. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This episode is brought to you by the Kia Power On event, featuring the award winning Kia

0:05.2

EV6 with Ultra Fast Charging, available now with 2.9% APR representative, 1,000 pounds

0:11.4

PCP finance deposit contribution, and two years free servicing when you

0:15.6

order by the 29th of February. Take the lead, Drive Electric. Search the Kia Power On Event

0:21.1

today. Teacencies apply Kia Finance, free servicing offer available until 29th of February. Welcome to Tech News Briefing. It's Thursday, January 25th. I'm Alex Oscela for the Wall Street Journal.

0:39.0

Tesla is projecting slower growth for the year ahead, and its fourth quarter revenue came in shy of analysts expectations.

0:46.3

On today's show, we're looking at why new EV drivers may be setting their sites beyond Tesla.

0:51.6

One reason, why buy when you could lease? Stephen Wilmot, an editor of

0:55.9

W.S.J's Hurt on the Street column, tells us why more consumers are looking to lease

1:00.0

EVs and what that might mean for automakers.

1:03.0

And then, in Europe, Apple users will soon be able to download apps from somewhere other than the iPhone's App Store.

1:09.0

But Apple's new policies may mean developers will have to pay to put their apps elsewhere.

1:14.8

We'll hear more about the changes from W.S.J. reporter Aaron Tilly.

1:20.8

But first, for a growing number of consumers looking to drive an electric vehicle,

1:25.3

leasing one is looking more appealing than buying one. In December, 59% of the EVs sold

1:31.1

through US dealerships were leased rather than bought, according to data provider

1:34.7

Edmonds. Those numbers don't include Tesla or companies like it that sell directly to consumers.

1:39.7

Here to tell us what this shift means for the broader EV market and Tesla is Stephen Wilmot,

1:44.9

an editor of W.S.J's Heard on the Street column. Stephen, why are consumers interested in leasing

1:50.5

EVs instead of buying them? Leasing makes a really natural fit for three reasons. in leasing

1:53.0

makes a really natural fit for three reasons really.

1:55.4

One is that it's a fairly new technology so people aren't that familiar with it.

...

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