US drivers are annoyed by a lack of affordable electric cars, while Chinese automakers are manufacturing cheap EVs by the millions.
By Kyle Stock | Bloomberg
A model stands next to the newly launched BYD Atto 3 car during the Auto Expo 2023 in Greater Noida on January 11, 2023. The China dynamic is more recent. In 2018, just as China was starting to crank out a wave of compact EVs, US president Donald Trump implemented tariffs on about $370 billion of imports from the country each year, including a 27.5% tariff on cars made in China. That policy persists under the Biden administration. In Europe, by contrast, the tariff on Chinese cars is 9% — low enough for those machines to at least trickle into the market.
Dave Andrea, a principal at Michigan-based consultancy Plante Moran, compares the US auto market to a siren song: compelling until you get close enough to see the risks. “It’s a big market, but not a growing market per se,” he says. “And you have to displace existing manufacturers, existing brand loyalty.”
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
How China Is Flooding The World With Cheap EVs — And Why Europe Wants To Stop ItJust how is China able to offer its EVs so much cheaper than anyone else in Europe?
Leer más »
Explainer: How France aims to discourage buying of Chinese EVsFrance on Wednesday published new eligibility rules for electric car incentives to exclude EVs made in China, even though carmakers in Europe do not have more affordable rival models on the French market.
Leer más »
Chinese Car Brands Are Coming to the US, Still—with EVs Built in MexicoHigh tariffs and tax credit requirements are obstacles China’s auto giants are ready to overcome.
Leer más »
France Announces New Legislation Aimed At Making Chinese EVs Less CompetitiveNew qualifying criteria for subsidies may make most Chinese EVs less price competitive in Europe
Leer más »
Conservative columnist David Brooks: $78 airport meal ‘why Americans think the economy is terrible’A photo shows a burger, crinkle-cut fries, tomato, lettuce, ketchup packets and a beverage in a glass.
Leer más »
Mystery over why Chinese spy balloon wasn't shot down over Alaska solvedOfficials explained their reasoning for not shooting the balloon down sooner, including threats to civilians in Alaska and dangerous recovery conditions.
Leer más »