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.
As opposed to American spy cars, cheap builds, crappy workmanship? Also do you think the US locks countries in debt traps? All of those things are already here in the US. Chinese made cars are selling like crazy because there is a demand not met by US companies. It would seem to me that the correct step is to force the hand of American companies by importing significantly cheaper EV alternatives. China is subsidizing their ev sales to ramp up production and lower costs through increase in volume.
Will tariffs fix any of these issues?
US companies are only a small fraction of the market here. The tariffs aren’t there to protect US companies, they’re there to protect US manufacturing and the US auto industry which is made up of mostly foreign brands.
I didn’t choose my country, but I’m stuck in it. I’ll trust home over the neighbours first.
You’re one of the servants, not the house owner.