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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 [email protected] to c/[email protected]

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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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[–] [email protected] 32 points 1 month ago (34 children)

There are some situations where imports being cheaper is due to foreign government subsidies undercutting local production and tarrifs are the wat to level the field. Frequently this gets warped into protectionism, allowing local production to have a leg up while continuing their crappy business practices, like most US auto manufacturers.

In this case the 100% tariffs is mostly the latter. It was not a thought out rate based on any kind of logic, just an emotional overreaction.

We do not need someone in office proposing reactionary, emotionally based tax policies.

[–] [email protected] 24 points 1 month ago (26 children)

??? China has literally been subsidizing BYD to help it to beat out foreign manufactures and to make it competitive in foreign markets. So yeah, there may be some protectionism involved, but there is definitely an argument that China is unfairly subsidizing BYD, making it impossible for rival companies to compete.

https://electrek.co/2024/04/12/china-gave-byd-an-incredible-3-7-billion-to-win-the-ev-race/

[–] [email protected] 10 points 1 month ago (6 children)

Pretty sure other incentives have been implemented for other car companies like tax rebates. Let's not forget the fossil fuel industry being subsidized still...

[–] [email protected] 7 points 1 month ago (1 children)

You're correct, but what I was, not clearly, talking about is increasing the incentives so its easier for people to purchase electric vehicles. You do bring up a good point that fossil fuel subsidies should also be reduced to better reflect its true costs.

[–] [email protected] 5 points 1 month ago (1 children)

During global boiling crisis we should completely reverse and start taxing fossil fuel

[–] [email protected] 1 points 1 month ago (1 children)

The complicated thing about that is it will harm your average worker until cheap alternatives are available.