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.
The Chinese subsidies artificially bring down the prices of their cars so that other companies can’t compete with their prices. The point of the tariffs is to inflate the price of Chinese EVs to make them too expensive to undercut American competition.
The only people benefiting are American businesses and maybe their factory worker, but the American consumer just ends up paying more for everything.