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BYD would still have the cheapest EV in the US, even with a 100% tariff (electrek.co)

submitted 4 days 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] 27 points 3 days ago

American (and european) car makers can't fill that market need due to higher labour costs and stricter environmental laws.

Also the fact that the chinese government heavily subsidizes electric auto makers skews the market in favour of the chinese manufacturers.

[-] [email protected] 7 points 3 days ago

At some point though the benefit of moving away from fossil fuels infrastructure outweighs the labor and strategic protection afforded by tariffs. IMO we are at that point- if we keep on doing what we're doing for another 30-50 years union jobs probably won't matter when vast parts of the world become uninhabitable

[-] [email protected] 2 points 2 days ago* (last edited 2 days ago)

America owns the fossil fuel industry. That is what all those "invade countries to steal their oil" memes are about.

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this post was submitted on 17 Sep 2024

449 points (95.5% liked)

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