this post was submitted on 17 Sep 2024
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Electric Vehicles

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BYD would still have the cheapest EV in the US, even with a 100% tariff (electrek.co)
submitted 1 month ago by MyOpinion@lemm.ee to c/evs@lemmy.world
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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.

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[–] Varyk@sh.itjust.works 14 points 1 month ago

because the auto industry is a huge part of the American retail market and they're afraid this will give China a huge edge on taking over the global economy, which it totally will, but it is the fault of the USA for not supporting their domestic industries.