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.
What do you think those $7k US tax credits for new EVs constitute?
A subsidy that applies to everyone in the market, not just the “home team.” That’s the difference between subsidies to entice consumers to buy EVs and subsidies to put your competitors out of business to the detriment of everyone but you.