Why Americans Can't Buy Cheap Chinese Electric Vehicles - WSJ.com

BYD Atto 3

Why Americans Can’t Buy Cheap Chinese Electric Vehicles

U.S. has built a fortress to keep out Chinese EVs as millions sell around the world

WSJ.com | Yuka Hayashi | Nov. 24, 2023

Chinese automakers are winning over millions of consumers around the world with affordable electric vehicles. They are conspicuously absent from one big market: the U.S.

Washington has effectively built a fortress to keep out Chinese EVs. Former President Donald Trump imposed a 25% tax on Chinese auto imports. President Biden backed that policy and went further, denying them “Buy America” credits that can reduce consumers’ price tag by thousands of dollars.

These steps have made it virtually impossible for Chinese automakers to compete with vehicles built in the U.S. or imported from friendly nations, even as they rapidly penetrate other markets.

China is on its way to becoming the world’s largest auto exporter this year, replacing Japan. It builds roughly two-thirds of all electric vehicles globally and the biggest Chinese EV maker, BYD, made 1.9 million vehicles last year, more than Tesla’s TSLA 0.53%increase; green up pointing triangle 1.4 million, according to the companies...more
https://www.wsj.com/business/autos/why-americans-cant-buy-cheap-chinese-electric-vehicles-53473383
https://archive.is/nzu39

The REAL "Father of EV's"

In the year 2000, Wan Gang made a strategic proposal (“Regarding Development of Automobile New Clean Energy as the Starting Line for Leap- Forward of China’s Automobile Industry ”) to the State Council of China to develop a new type of automobile propelled by new clean fuel, with a view to ushering Chinese auto industry onto a new stage.