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Prospect of low-priced Chinese EVs reaching US from Mexico poses threat to automakers (apnews.com)

submitted 4 months ago by MicroWave to c/economics

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It’s a scenario that terrifies America’s auto industry.

Chinese carmakers set up shop in Mexico to exploit North American trade rules. Once in place, they send ultra-low-priced electric vehicles streaming into the United States.

As the Chinese EVs go on sale across the country, America’s homegrown EVs — costing an average of $55,000, roughly double the price of their Chinese counterparts — struggle to compete. Factories close. Workers lose jobs across America’s industrial heartland.

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[–] reddit_sux 3 points 4 months ago

You can have well regulated competition or boot legged death traps. Not both. Instead of tariffs make them regulated, with strong safety rules and need for a network. It might just give you cheap, well built EVs. They might target small city cars with 200 miles range instead of humongous SUVs that everyone is running after.