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.
This is why electric cars need to be “second car” cheap. I have a super-mega-hauler-SUV because about 4 times a month, I REALLY need one. Every other trip is done in my ancient tiny Honda. Every 10k miles on my Honda at 35mpg it saves me about $1500 in running costs over the SUV. If I could buy an $8k electric runabout it’d be even faster payoff.