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.
Because China is not fairly competing with other countries. They are subsidizing BYD manufacturing and supply chain with the goal of making BYD the largest electric car company in the world. Yes, their vehicles would probably still be cheaper than other manufactures even before subsidies (Lower cost of living in china, ignoring of fair wages, ignoring of environmental concerns all reduce costs), but they are unfairly trying to make the world reliant on their products.
That being said, i do agree with your sentiments that we should be making it easier to purchase electric cars. Providing additional discounts or high turn in credit for returning your current gas car would be appreciated so that we can actually make progress on reducing global warming.
Not making land yachts and not actively having a temper tantrum over the market transitioning to EVs might both be contributing factors as well.