Comment on Biden really, really doesn’t want China to flood the US with cheap EVs

• redcalcium@lemmy.institute ⁨5⁩ ⁨months⁩ ago

  The Bolt isn’t cheap though (almost 2x of Honda Fit price), and wasn’t produced in sufficient quantity. The Chinese EV companies are somehow able to produce entry level EV models with minimal features at a price cheaper than Honda Fit and they’re selling like hot cakes both domestically and in neighboring Asian countries.

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  • ShepherdPie@midwest.social ⁨5⁩ ⁨months⁩ ago

    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.

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    • redcalcium@lemmy.institute ⁨5⁩ ⁨months⁩ ago

      Are they still doing the EV credit thing?

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