this post was submitted on 17 Sep 2024
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[Dormant] Electric Vehicles

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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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[–] ExtremeDullard@lemmy.sdf.org 106 points 2 months ago* (last edited 1 month ago) (43 children)

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.

One essential thing bears repeating: it's not the manufacturer that bears the cost of tariffs, it's the customers. Or said another way, if BYD cars double in price in the US, it's American customers who will pay the difference.

A certain presidential candidate loves to beat that drum but consistently fails to mention that the immediate effect of new tariffs is making Americans poorer.

[–] Hegar@fedia.io 4 points 2 months ago

The higher price point caused by passing on the tariffs to consumers hurts the manufacturer through reduced sales.

Tariffs do hurt companies by driving potential sales elsewhere.

Or they would, if the product wasn't still the cheapest available by 10-30% after the tariffs.

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