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In China, It’s Already Cheaper to Buy EVs Than Gasoline Cars (www.washingtonpost.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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In China, It’s Already Cheaper to Buy EVs Than Gasoline Cars::undefined

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[–] Franzia@lemmy.blahaj.zone 12 points 1 year ago (1 children)

We're late. Our competition sucks (almost certainly on purpose). BYD is taking the slow approach to the US market - early next decade? Reuters: BYD Global EV Push

The US car manufacturers are going to take a protectionist approach to a shrinking market. They've already won this decade - everybone has a massive truck/SUV, no transit, all cars including EVs are an unaffordable luxury to Americans now after "inflation."

[–] arc@lemm.ee 2 points 1 year ago

The US has protectionist rules about EV grants - car must be assembled in the US to receive tax credits. It's why Teslas sold in the US are assembled in the US whereas Teslas sold in Canada are made in China. There are some comments that the Chinese manufactured cars are actually better quality. It probably also explains why Chinese brands like BYD are focussing more on other markets like Europe.