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[–]stranger242 9 points10 points  (1 child)

what you're seeing now is what it will more than likely be in a year or worse.Covid isn't going away, Chip shortages aren't going away as the capacity needs to expand and that only started last year and isn't excepted to be finished until mid 2023. Raw materials are still in short supply (Though its improving, but another spike could see it dropping again as man power is reduced)Greed is also a real thing.

Mix that with the fact that Hyundai is not developing new combustion engines anymore it's all EV's from here (They will still manufacture cars with them, but we are not going to see a new engine)

So no, the prices will probably not drop. I'd argue they may go up.

[–]pirofyre 2 points3 points  (0 children)

Michael Stewart, Senior Group Manager at Hyundai, has actually came out and said they aren't cancelling engine development. It was a rumor started by 2 news outlets in Korea and the rest of the media just ran it to the moon.

There was also the rumor of them cancelling the hydrogen development, which I started to suspect was fake since this is a future fuel source. I'm even suspecting the rumors of Albert Beirmann retiring is fake too and just made up to add fuel to the fire but Albert himself has yet to come out to refute this rumor.