BYD's Lowest-Price EV in US

This is a US news story, published by Electrek, that relates primarily to BYD news.

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BYD would still have the cheapest EV in the US, even with a 100% tariff

Summary

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70% Informative

Even with new 100% tariff on electric vehicles imported from China , BYD would still have cheapest EV in US .

Chinese automakers, like BYD , have an advantage with established supply chains, enabling lower prices.

Electric vehicles accounted for over 50% of passenger vehicle sales in China in July .

The fact is tariffs will likely only lead to more EV delays, putting the US further behind as the global auto industry shifts to electric. Instead, investing in building a domestic supply chain, as it has with recent legislation, like the Bipartisan Infrastructure Law , will incentivize US automakers. A stable US domestic supply chain would help reduce the price of EVs, lowering the threshold and promoting adoption. Source: Nikkei FTC : We use income earning auto affiliate links. More..

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formal

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English

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