I guess Americans will never get cheap electric cars. Make no mistake. US automakers aren’t going to use this tariff to buy time to make competitive cheap electric cars. They’re just going to rest on their laurels and continue to sell large overpriced trucks, SUV and their EV counterparts.
this post was submitted on 14 May 2024
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Whatever makes the O&G industry more money, eh?
Spice must flow
That’s what pisses me off here, I just want something affordable to get from a-b work commute, I’m not spending $80k on an electric suv that I only have because I’m forced into work.
It’s gonna end up with me buying a moped or small motorcycle to get to work at reasonable cost
Citizen, you must pay tribute to your CEO overlords!
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Yeah, cause now the cheap competitor they could compare to just got pricier so that means they can also raise prices
Didn't we already learn this lesson with Harley Davidson?
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The funny thing is, even after the 100% price increase they're still cheaper than american EVs.
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Simple way to make this policy make sense. Instead of a tariff on imports make it a huge subsidy on domestic EVs. We can give the military contractors billions, but giving the American people cheap cars is somehow a bad investment? Soon many positive side effects of a direct, non monetary stimulus
There’s no incentive for US automakers to build cheaper EVs from this. This is just protectionism which is fine when China is subsidizing their production past the point of profitability, but this will still work against making American EVs more affordable.
Didn’t US companies that were making EV raise their prices as soon as the government added or increased buyer incentive rebates?
The greedy assholes basically pocketed the rebate while the consumer got nothing.
So IMO these manufacturers will just pocket a significant chunk of the subsidy and pass little of the savings on to the consumer. Already many of them claim financial woes, it’s no stretch for them to soak up the cash and say “but we had to…” and get no punishment because the administration doesn’t want to kill the industry it’s trying to support. I mean, $55bn pay packages have to come from somewhere, right?
Make the subsidy based on current prices and only EVs that are X price or below qualify. There are solutions, we would just have to, I dunno, craft thoughtful legislation aimed at helping Americans and not companies? Sounds like a lot of work though...
Or let me put it this way: do you think lawmakers write the laws they sign? Industry groups and lobbyists write the laws, lawmakers tweak them or just sign them.
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AFIK, all the subsides for EVa in the US already require them to be made and produced domestically.
They're banning 25 year old kei trucks, they were definitely not gonna allow China to compete.
God forbid we try to save the planet without making morbillions in shareholder value first.
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When China opens up it's domestic market to international goods then the rest of the world should consider doing the same. Until then, match every barrier to entry.
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hell yes Americans hate cost effective stuff
And the environment! It's double whammy of an American policy
Lol he's beating Trump to it. It won't help him at all, but it is funny because it will piss the orange asshole off.
I predict Trump will make a day-one promise to remove this tariff calling it terrible, just terrible.
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It's the chicken tax all over again
I'm still more interested in one than I am a Tesla.
They'll just make all the parts and send them to the US for assembly.
Or Mexico. And honestly I’m fine with that. Create some jobs outside of China for a change.
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