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.
Practical speculative paranoia / Tinfoil time:
Imagine millions of Chinese EV’s on the road.
Know that governments can remotely kill people with the tiny payload of a standard pager.
Imagine all the cars executing payload.
(Eg all stopping in traffic. A thousand kilos of lithium explosives in every one.)
When an American car is sold in China the software is replaced with their own. No reason to use their software here