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.
It’s the Walmart business model. Move into a new area and undercut your competitors just long enough to put them out of business. Once this happens you have the market over a barrel and can charge however much you like.
I seriously don’t understand how people keep falling for this rhetoric and claiming this is all about protecting US companies when there are only 3 US companies left and they barely makeup 1/3 of the US auto market.
Or just buy them out and close the doors.