281
Biden really, really doesn’t want China to flood the US with cheap EVs
(www.theverge.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 10 May 2024
281 points (89.4% liked)
Technology
57273 readers
4602 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
With the $7500 credit, the Bolt is the same price or slightly cheaper than the Fit when you account for inflation.
China is able to sell these vehicles for this cheap because the government is giving these companies cash to sell them at these artificially low prices. That's the whole point of this discussion and the proposed tariffs as none of the competition will be receiving subsidies at these levels in order to compete. China is also known for lax worker protections which helps to drive the costs down further at the expense of the workforce and is not something they'll be able to do if they manufacture here.
Are they still doing the EV credit thing?
Subsidy definitely helps, but those Chinese car manufacturers are able to squeeze their parts suppliers hard, so they're able to sell their cars cheaper even without subsidy. For example, their gasoline cars are about half the price of comparable Japanese models, even with engines sourced from GM/Ford.