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.
Yeah there are “reasons”. So? What they’re doing is wrong. If the incentives were changed and making smaller cars would fit those incentives do you think they could undo the 40 years of brainfuckery they’ve committed by making tearing-up-nature-like-a-rock-tough suddenly be compact efficient?
No. They’d just charge more for the same or bigger and blame the government.