Further price rises for cars are becoming inevitable as the cost of raw materials, already high, shoots up further as a result of Russia’s invasion of Ukraine.
The bind car makers currently find themselves in was exposed by US start-up Rivian, which angered customers waiting for delivery of its high-end electric SUVs and pickups by announcing price rises of around $12,000 (about £9150). Rivian backed down and reverted to its original price for those with pre-orders after a barrage of complaints, but stuck to the increase for anyone else.
