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Even with the new 100% tariff on electric vehicles imported from China, BYD would still have the cheapest EV in the US. According to a new report, BYD’s lowest-priced EV would still undercut all US automakers at under $25,000.
After discontinuing the production of vehicles powered entirely by internal combustion engines in March 2022, BYD has been at the forefront of the industry’s shift to EVs.
Honestly in my opinion it is time to remove all tariffs on EVs under 25k and let anyone who wants to fill that slot in. American car manufacturers refuse to fill the market need.
keep in mind, at the around 15-25k price, you run into the problem Vinfast has when they introduced themselves to the U.S market. What would an informed buyer rather do: buy a cheap new vehicle or a used premium vehicle. Chevy* backed out of making yearly bolts because demand wasnt high enough, despite the 7500 rebate would bring it down to 22k
If there is no demand, then there is nothing to worry about. Remove the tariffs and let China offer 15k cars here in America.
Mmmmmmmm nothing has ever gone wrong with letting China do what they want in a country that isn't china...spycars, cheap builds, crappy workmanship, locking countries into debt traps. I give china zero trust, not like I trust American companies either but we're already stuck with them. I'd rather not see more garbage here thanks.
Good points.