Biden really, really doesn’t want China to flood the US with cheap EVs
Biden really, really doesn’t want China to flood the US with cheap EVs
That’s a bingo.
The idea that “they” don’t want the American public driving EVs is ridiculous.
The military will just order a million new pickup trucks as light utility vehicles.
And the Answer to jobs isn’t more punishment.
So what about Tesla, Kia, Hyundai, Nissan, Toyota, Subaru, and all the rest? You say we can’t afford cars yet 15 million new cars are sold every year here. New cars have never been something that just anyone can buy which is why the used market is so much larger.
Selling Chinese EVs here below cost isn’t going to improve anything. It’s just going to put a bunch of competitors out of business and drive wages even further down.
The added price is likely partially due to the development costs for these companies retooling their factories and doing R&D to develop these new platforms in a company that has been building ICE vehicles for the past 50-100 years. Luxury vehicles bring a markup that helps to offset these costs until these vehicles become more ubiquitous, parts are easier to source, and prices come down. You can’t compare the cost of a brand new design to something like the Camry which had the general design ironed out 40+ years ago.
If you look at sales numbers, the Model 3 is outselling the cheap alternatives like the Leaf and Bolt 20:1, so it seems like many people are willingly choosing to pay more rather than buy the econobox option. The average sale price for a (any) new vehicle is around $50k currently, and there are a multitude of options in that price range.
Yes, why not? They aren’t prohibited, they’re just being given a disadvantage compared to American made vehicles being sold in America. A tax for notoriously poor labor standards, we can call it. If they want to use a union shop somewhere in middle America they can avoid that tax altogether.
If I misunderstood you please correct me.