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.
Car companies have had more than enough time to build these cars and they already have a $7500 or larger advantage they can use to compete with Chinese made cars. They refuse to make cars that will come in under 25K. I say fuck them.
They just increase the cost by that rebate too
American cars are priced by what someone will pay, so any rebate or tax incentive just raises the price
same problem with unregulated higher education prices + loans