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BYD would still have the cheapest EV in the US, even with a 100% tariff (electrek.co)
submitted 2 months ago by MyOpinion@lemm.ee to c/evs@lemmy.world
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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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[-] arin@lemmy.world 10 points 2 months ago

Pretty sure other incentives have been implemented for other car companies like tax rebates. Let's not forget the fossil fuel industry being subsidized still...

[-] Habahnow@sh.itjust.works 7 points 2 months ago

You're correct, but what I was, not clearly, talking about is increasing the incentives so its easier for people to purchase electric vehicles. You do bring up a good point that fossil fuel subsidies should also be reduced to better reflect its true costs.

[-] arin@lemmy.world 5 points 2 months ago

During global boiling crisis we should completely reverse and start taxing fossil fuel

[-] Pandantic@midwest.social 1 points 1 month ago

The complicated thing about that is it will harm your average worker until cheap alternatives are available.

[-] arin@lemmy.world 2 points 1 month ago

?? Then why tarriff EVs?

[-] Pandantic@midwest.social 2 points 1 month ago

I agree with you there!

[-] ShepherdPie@midwest.social 2 points 1 month ago

Those incentives don't just apply to US companies only which is what China is doing with their state-owned companies.

this post was submitted on 17 Sep 2024
452 points (95.4% liked)

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