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.
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.