this post was submitted on 17 Sep 2024
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Electric Vehicles

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BYD would still have the cheapest EV in the US, even with a 100% tariff (electrek.co)
submitted 1 month 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 3 points 1 month ago* (last edited 1 month ago) (1 children)

Are you really just completely ignorant of the purpose of tariffs?

Re-read what I wrote:

the immediate effect of new tarriffs is making Americans poorer.

Do tariffs work? Maybe. You also have to remember that China will retaliate and impose tariffs on US good, so overall the effects of tariffs are rarely a net benefit for anyone - which is why they're rarely a good idea.

But the fact remains that the day after tariffs are applied, Americans lose access to cheaper goods. That's just a dry fact.