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.
It’s not a free market if we don’t let businesses with crappy business models fail.
If this is about selling livable wages, then that should be part of the marketing of the product. Like bio food.
I also don’t believe for a second US car manufacturers are not milking customers with features they don’t really need, because there is too little competition.
Japanese car makers do the same in the US market.
Along with European and Korean manufacturers, or pretty much every notable car manufacturer in the world. These people are claiming that every car company in existence is just greedy and trying to screw them over except for some altruistic Chinese state-owned companies because they can’t buy a brand new car for an unreasonably low price.
Government subsidies from China isn’t free market either.
You want true free market? Alright, salaries will need to be the same as in China to compete, how would you like that? All manufacturing jobs in first world countries are gone, sounds nice right? You should ask people from Detroit how that went.
Yeah, an unregulated market isn’t free.
It’s literally the most free market possible.
It always becomes monopoly.
One person telling everyone else what’s going to happen isn’t freedom.
Monopolies and free markets aren’t mutually exclusive concepts.
Fair enough. Not all monopolies are bad monopolies. There’s a narrow set of circumstances where a monopoly can exist within a market without making that market something other than free.
Government owned utilities for example - natural monopolies that are allowed to exist in a highly regulated state.
Monopsony can also be good for the free market in sectors with inflexible demand, such as healthcare.
But those are exceptions, and not the general rule.