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.
This is obviously false as Tesla has their own battery factories and still can’t sell that cheap, Korea has Samsung and LG manufacturing batteries on a comparable scale and Hyundai/Kia can’t sell that cheap, Japan has (partnered with Tesla) Panasonic and can’t sell that cheap. China is heavily subsidizing these vehicles. You can’t sell an equivalent car for less than half the competition, tens of thousands of dollars cheaper, just because you happen to be vertically integrated in manufacturing a big part of the car.