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Comment on Tesla sales plunge 40% in Europe as Chinese EV rival BYD's triple

Ulrich@feddit.org ⁨2⁩ ⁨months⁩ ago

Doesn’t the EU balance it out with tariffs?

No.

Those cheap BYDs ain’t all that cheap here

Yes they are.

Now if EU increased subsidies for domestic EV production, domestic solar panel production, etc… We could really have something great.

Truth there.

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boonhet@sopuli.xyz ⁨2⁩ ⁨months⁩ ago
Hmm

In October 2024, the EU increased tariffs on Chinese-built EVs, including 17% on those made by BYD and 35.3% for SAIC, on top of its standard car import duty.

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- Ulrich@feddit.org ⁨2⁩ ⁨months⁩ ago
  Yes, we have established that the EU has tariffs. What we’ve not established is that BYD isn’t significantly less expensive than other brands in the EU.
  
  BYDs seem cheap because they make budget EVs. Mercedes, Audi, etc, do not.
  
  Mercedes, Audi, etc. are established several decade old prestigious brands that don’t need rock bottom prices to gain market share.
  
  BYDs don’t “seem” cheap. They are cheap.
  
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  - boonhet@sopuli.xyz ⁨2⁩ ⁨months⁩ ago
    Yes, they’re cheap because the competition is higher end vehicles. BYD’s own high end models are expensive too. They don’t sell the Han here because you could get EQE or i5 for that amount.
    
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    Ulrich@feddit.org ⁨2⁩ ⁨months⁩ ago
    
    Yes, they’re cheap because the competition is higher end vehicles.
    
    No they’re not. They’re cheap because they’re subsidized.
    
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