Chinese cars will end up in the U.S., says the 'Car Dealership Guy' Yossi Levi
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- Опубликовано: 14 май 2024
- Yossi Levi, Car Dealership Guy CEO, joins 'Power Lunch' to discuss the state of the U.S. auto market as China hopes to launch EVs in America.
US automakers will do everything they can to block a competitor from selling cars in the US, rather than just making a better product.
What competitor have they prevented from entering the US?
BMW? MERCEDES? TOYOTA? HONDA? HYUNDAI? FIAT? VOLVO? SUBURU?
The problem for them is, the US can't block Chinese imports in Latin America, Africa, Asia, the Middle East, Oceania, etc. If US carmakers need 100% tariffs in order to not be obliterated at home - where they have the advantage of a sympathetic consumer base and much lower transport costs, among other things - how will they be able to compete in the rest of the world?
And if US carmakers lose both China and those countries where China is playing for keeps, they will lose most of their revenue.
The US couldn't even block Huawei from dominating almost all 5G infrastructure outside the US and Europe; my own cellphone and internet providers, in the Latin American country where I live, run on Huawei tech.
(Incidentally, Chinese brands are not only dominating the EV market here, their lower prices have turbocharged its growth; if by the time the EV transition is done the non-Chinese carmakers can't yet make EVs as cheap and fully featured as the Chinese, they will likely be outcompeted and ejected from the market here.)
@@mikev4373 non of those Makers sell EVs for $10,000
@@mikev4373 In the early days, US tried very hard to stop the Japanese auto imports. The anti Japanese sentiment was quite high. Only when Toyota, Nissan etc decided to start building cars in US, the attitude changed.
@@mikev4373 US has quota on both Korean and Japanese cars import. BMW and Mercedes are luxury cars. US don't make too many of those. Besides Japan and Korea are not sovereign nations. US can always force them to make additional compromises And half of the Japanese cars are actually made in America. So some of the profit are actually for US economy not Japanese economy.
“Cheap” 20k Chinese cars with functionality equivalent to 60k US cars 😂
lol sure they are
@@Wongseifu548 try to buy an equivalent to Xiaomi SU7 in the U.S. for under 80k
@@bobdoe38 the Ioniq 5N is under $70K and is far superior to anything made by Xiaomi -- or anything made in China for matter.
@@tooltalk If that’s the case, then it would be hot seller in the #1 car market in the world (China). It is not 😁
@@tooltalk I took a look at the specs of that car. Are you kidding me? 😁
everybody seems to think that the only advantages of chinese EVs is being cheap. but that's not the case at all. They surpasses western legacy auto makers in almost every aspect, including technical capacity. Tesla might be the only crown jewel for now for the west. Those who were shocked by the Chinese cars at Beijing auto show this year, and Shanghai auto show last year were not like: Oh sh*t, chinese are so cheap, and western cars are in trouble. It's actually like, oh ,the chinese cars are so good, and the western cars are in trouble.
True story, Toyota brought a concept car to Beijing auto show and it was worse than Chinese production cars taking orders next door
@@vlhc4642 Agree. Toyota has been bad for severals years now. I think they got too complacent for being too dominant for too long. My last purchase was a toyota rav4 and I regret it after discovering how other brands has more features, better quality and cheaper price. The only thing carrying Toyota right now is name recognition where people like me did not research before buying a car and just thought of what we were used to seeing a lot of people used to use. When I look at Chinese and Korean cars, not only are they cheaper but they look better and has more features. BYD and MG has sooo many good car models.
I haven't seen a single Chinese car that appeals to me at any price. I'm not saying they aren't good cars, but they seem to be fairly generic, like appliances. I can see the cars appealing to poor people, though. Full disclosure, I drive a Mercedes E450 Coupe and a Ford F150.
@@davidgmaloof I mean, you do drive an F150 so your tastes are already... unique.
But how many Chinese cars have you seen anyway? Have you seen Avatr 12? Zeekr 007? Luxeed S7? Geely Galaxy E8? There are dozens and dozens of cars far better than E450.
China cheap EV actually have more features and comfort than the so called luxurious US cars, so what is the excuse for US CEOs?
MAGA
National security😂😂😂
Overc……
Lifestyle expectations beyond means and a US president who is union flagging for more.
@@NaughtyPanda888 Taiwan :)
High quality, low cost Chinese cars? American middle class are denied those options…ur politicians will make sure of that
China's BYD electric car costs $9000, while Ford Motor Company in the United States has a similar electric car priced at $35000. Even with 100% tariffs and shipping costs, the sales will not exceed $22000. When Chinese cars enter the United States, the American automotive industry will go bankrupt, and politicians will lose their votes. So only by preventing Chinese cars from entering the United States. In addition, Tesla is produced in China and its price is also the lowest in the world. It is lower than both the United States and Europe. Tesla cars made in China can be exported to other countries and regions, and local people can enjoy the best cars in the world and the lowest prices like Chinese people, but Americans cannot.
@@user-yc7nv2qx2n lol except the cars aren't comparable, and that 9k, which i thought was actually 10k, is price based on that currency/market. Even with no tariff, it'd never be that price in US.
200% tariff.
The American government want US citizens to pay more and corporation are still exporting jobs overseas.
As China becomes more and more like the United States, and the United States becomes more and more like the Soviet Union
As U.S. consumers, we are at a disadvantage because our money cannot buy the best EV options available in the rest of the world.
The US can't compete . Notice how that lady
interviewer said its good for the US to subsidize
our auto industries but China is bad for
subsidizing their auto industries and its over
capacity.
or the best mobile phones
Or the best women. j/k
Hundreds of millions of Americans have to pay more so several thousands can keep their non competitive jobs.
Biden likes unions.
So the shareholders can make more profit.
The auto industry is vital to national security. In times of war, it can manufacture tanks and various types of military equipment.
@@wrht919 This is not WW2 era US military anymore, where we mass produced mediocre tanks and military equipment. Now we only manufacture the most advanced tanks and equipment in the world, this is not something auto manufacturers can easily pivot to producing.
@@wrht919 If it’s critical to national security, then ban the unions and eliminate worker protections like they do in the military.
It's the early 1970s again. People in the US were buying bigger and bigger cars. All of a sudden people wanted smaller and cheaper cars.
What we want are the Japanese Kei-Cars.
No one needs 300 hp to take kids to soccer games or go grocery shopping.
@@MetaView7 then BYD Seagull fits perfectly
@@fatdoi003 Americans won't buy that. It's the size of a postage stamp.
It’s the increasing price of gasoline that make Americans want to buy smaller cars. That’s what really hurt the US automakers in 2007-9 when oil and gas prices were high and all they made were 5 blocks to the gallon pickups
11k for a car while all other makers have entry prices at around 25k.....you can bet the BYD assembly process is completely high tech and fully automated.....
I m missing my easy $$$$$😂😂😂 us car bosses
There are videos of the factories on RUclips. BYD, Xiaomi, etc. 90% robotic.
BYD is the only company who is completely vertically integrated.... from design, producing batteries, producing parts, screens, body and even have their own RORO transport ships to deliver their cars overseas.... maybe only thing they don't make is the tyres... so they can control every component and process inhouse
They're most likely losing money on those models, using them as loss leaders to drive the competition out of business. Also, the $11k car is a postage stamp sized micro car. It wouldn't sell in the U.S.
@@darylfoster7944 $11k was not meant for US, as consumers in US can afford higher priced cars as sales data shows
Buyers will always want the cheaper and better product.
cheaper != better ... I just paid $70 for knipex pliers from germany rather than $40 for icon from horror freight. Tolerances and smoothness on knipex was way better.
Chinese car makers are highly automatic and high tech, they upgrade 2 generations ahead of foreign car makers, highly vertically integrated, so cars are much cheaper with good quality. US protection will cause US car makers lose out big in the long run, more lagging behind over time.
even Elon got his Chinese engineers to retool the u.s plant
China has very smartly cornered the raw materials market for EVs while the US has been asleep at the wheel. Chinese politicians don’t have to worry about reelections while US politicians only think about that all the time and not the well being of their country and people.
Essentially, China saw that EVs would be the future back in the 90s and started investing accordingly, with ample government support; BYD's hometown, for example, has every bus being electric since 2017, every taxi and ridesharing car electric since 2019, and now has more EV fast chargers than fuel pumps.
Which, mind, is what the whole world should have done back then if it was concerned about CO2 emissions.
And even if you don't care about emissions, the only weak link in the EV tech chain are batteries; everything else in an EV performs better, is cheaper, is more reliable, and is lighter than the equivalent parts on an ICE vehicle, and have been like that since a long time ago. EVs just needed batteries to improve enough in order to become both cheaper and better in just about everything compared with ICE cars. So China invested very heavily on battery tech, speeding up its development, meaning they are now years ahead on both the batteries themselves and production technology, and are quickly getting to the point they can make EVs cheaper than other countries make ICE cars - China seems to have already reached this point for some car sizes, and in the next couple years should get to that for the whole of the auto market.
Well, it wasn't that the US was asleep. No developed country wants anything to do with dirty business (mining and refining) with heavy carbon footprint. It was expected that China would dominate the low-wrung raw material supply-chain while Japan and South Korea who were ahead in battery tech and manufacturing with global automakers in the West as end customers.
China decided to hijiack this along the way -- they practically banned the Japanese/Korean battery makers -- and they still don't have access to China's local EV market -- and forced all foreign EV makers to use local batteries from local battery makers only since 2016. This changed the whole plan and now everyone has to localize their own supply-chain to cope with China's quest for domination; so as not to repeate the rare earth metal fiasco of 2010 when China weaponized their position in rare earth metal against Japan to settle a geopolitical dispute in 2010.
@@tooltalknow you how everyone has to deal with the USA weaponisation of the USA dollar sa global reserve currency
美国是资本主义社会 为何要在乎人民或者老百姓的福利和生活？
好奇怪的思维
@@tooltalk And that's good for China to do that. As it will drive the cost lower and the products affordable for more people. You forget China is a socialist country.
The rest of the world will adopt cheap smart autonomous Chinese EV's, while the USA will remain stuck with dumb internal combustion engine cars.
they're going back to be isolationists
Will become Cuba
Don't worry, people are hard at work comforting US consumers by soothing them with reasons why EVs are terrible & ICE cars are superior in every way, so they'll continue happily buying & driving internal combustion vehicles.
The US is expected to subsidize Tesla with $34B between 2023 and 2030. This isn’t even including the other subsidies that Tesla is going to receive from previous policies. Meanwhile, the Chinese government has subsidized BYD between 2018 and 2022 with the whopping massive amount of $ 3.7B.
So the American company got subsidized 10 times more than the Chinese company, out of the $119B in battery subsidies GM got about $21 B, the truth is the US regime is subsidizing their electric vehicles way more than China is.
On November 30, 2023 GM announced record $10 billion stock buyback, more than it’s spending on UAW raises- as its electrification push stalls (Source Bloomberg). That share buyback from General Motors was just q4 of 2023, $10 B, they get $20B in subsidies and they spend $10 B giving that money back to shareholders. The money isn’t going to innovation like it should, the money seems to go these bloated bureaucratic corporations where they take the money give it to shareholders or give it to executive bonuses or management teams that don’t know how to build a car, get so complicated convoluted they just can’t do business competitively anymore.
They don’t need to, instead of being forced to be competitive, being forced to actually spend the money on R&D and producing a high-quality product, they just put a 102.5% tariff on anybody that they cannot compete.
You might tell the truth but people here in us are trying to ignore them or they don’t dare to point out
Tesla也拿到了中国政府的补贴，2023年为19.6亿元人民币
As China becomes more and more like the United States, and the United States becomes more and more like the Soviet Union
When the US buyer imports goods subject to tariffs from China, they pay the tariff to the US government. This cost and any markup are typically passed on to the end consumer, meaning consumers ultimately bear the burden of tariffs through higher prices. The Chinese seller, however, does not directly pay the tariff; the importer in the US bears that responsibility.
China does not suffer the consequences of tariffs. The US consumers are being punished by having to pay higher prices.
In 2012, President Obama, as part of his plan to double the U.S. share of the world's solar panels from 5% to 10%, imposed tariffs of up to 249% on solar imports from China. In response, China retaliated by imposing import restrictions on polysilicon from the U.S. At the time, the U.S. held a 50% share of the global polysilicon market, which has since dropped to under 4%. The U.S. share of the world's solar panels has dropped to under 2%. China has promised to retaliate as strongly in response to new tariffs.
The guy being interviewed said many things wrong. I feel like he knows the real reasons but being cherry picky on the answers
Very simple reason: China has the whole ecosystem, its supply-chain cost is much lower than any manufacturer outside of China.
They use much more manual labor than Tesla, and have much lower profit per vehicle than Tesla. And I'd be willing to bet that BYD is losing money on those $10-15k cars. They're using them as loss leaders to drive the competition out of business.
@@darylfoster7944 not hard when they are back by the government lol. Same way china was able to flood the market before with cheap metal.
@@darylfoster7944 BYD's gross profit margin is higher than Tesla's. I suggest you look into the automated factories of Chinese EV companies to update your knowledge.
@@darylfoster7944they are not. Their production is highly automatic, their profit rate is higher than Tesla per car (26% vs. 12%）, and they are still making money by selling those cheap cars.
@@eriktan9654 BYD only makes $1k per car. Tesla's profit is much higher.
There is no more free market! If government decided to protect failing buisnesses from competition, it is a bad start. We will end up like Argentina that produced everything on its own, and eventually failed.
American car consumers are screwed.
why? The average price of EVs went down by over $8K just in one year between 2022 and 2023 -- without China.
@@tooltalk Great. Still dreaming. Most are using parts from China especially EV batteries. Some are even Made in China. and then shipped to certain countries outside of China.
Competitors are reducing their prices because of competition from China otherwise EVs will be much more expensive outside of China.
Very soon the US will get to enjoy much more expensive EVs and other things.
After the introduction of Chinese vehicles in Australia, the prices of both EV and ICE vehicle have dropped, and consumers are the beneficiaries of competition (including those people who have not bought Chinese vehicles).
@@jogana6909 Yes. Exactly. Competition brings down prices and is great for consumers.
@@jogana6909 : the average price of EVS in the US dropped from $61K to $53K -- without China. If you haven't yet noticed, there was a supply-chain shortage in the auto industry caused by COVID from China past 3-4 years.
Extreme low cost from Chinese EVs also come from extreme automation and robots replacing Chinese workers.
more workers need to learn and become engineers or technicians
if they don't learn, they will become useless Americans
China does not need to go around the new tariffs. Even with a 100% markup, they are still cheaper as the US brands. And the customer will pay ... not China.
Because the Americans like the old traditional vehicles, don't like to upgrade to the new smart cars
To say US or Japanese car makers can’t build a cheap car is simply lying. Toyota Corolla hybrid full loaded is around 20k USD in China. Bare bone Corolla with a crappy engine, much worse suspension, poorly equipped is 27k usd in US. A bare bone Corolla sells for around 13k usd in China. That is 14k usd difference. Chevy Malibu with 2T engine and 8 spd auto is less than 20K usd in China, same car sells for well over 30k usd in US. Someone explains to me why can’t we import American brand cars from China with China price?
Buick sells EV sedans starting under $14K in China (and they sell reasonably well because Buick is actually undercutting Chinese automakers).
The thing is, production in China is simply cheaper. And it's not about wages, or at least not just them, otherwise places like India and Vietnam would be beating China; instead, China has invested heavily in infrastructure (meaning cheap electricity and logistics), in creating comprehensive and co-located supply chains (which further lower logistic costs), has public banks that pay almost nothing to executives and pay much less dividends than US banks (they use the money freed by that to lower rates), and even private Chinese companies pay far less to their executives and shareholders (the extra money can then go towards R&D, expansion, lower prices, etc).
Case in point, GM's CEO takes home over 20x more than BYD's best paid executive (and some 40x more than BYD's CEO). The difference pays for a huge amount of R&D.
Trade protection will only make US manufacturers lazy and obese.
@@jogana6909The US can't compete . Notice how that lady
interviewer said its good for the US to subsidize
our auto industries but China is bad for
subsidizing their auto industries and its over
capacity.
@@zacksmith5644US exceptionalism at its best
It is all about politics, us is afraid of china exceeding in so many fronts, and just block any china product sale at any cost. Insane ! It will hurt us in the long run, we will see.
Whatever happened to that free market gospel that the US used to preach to the world until not so long ago?
Can I buy a Chinese EV in Mexico as a permanent resident and then sell it in the US as a citizen and the new buyer be able to title and register it?
it is a national security threat.
even if you can sell it, how to service it? who will insure it?
Talking about USA auto market, EV in USA had been priced on the upper or upper-medium scale for a long time. So there had been low incentive for USA buyer choosing EV.
Furthermore, USA is flooded with SUV heavier and bigger vehicles instead of sedans for 2-3 decades, that tendency did not suit EV manufacturing and EV sales.
I hope it really happens. Biden, Trump and the US automakers don't like Competition. There's no reason why we can't have a $20k electric commuter.
US market is a joke. I was ready to spend $25k and I looked and looked and looked and everything was the same. No competition. All the same crap $25k vehicle. So I bought a used car at $8k. When the US automakers get a kick in the hind, I’ll consider buying a new car.
Anyone that has owned an EV and a hybrid will never go back to a hybrid. Hybrid is a long term looser for the customers.
Agreed. Had a BMW330e PHEV hybrid and it’s the absolute worse 5 years down the road, when the warranty runs out & the whole hybrid system starts acting up. Especially the inverter component (thing that switches between electric & ICE). Cost almost the entire car’s mkt value at that point for replacement 🙄
It's not the consumers not wanting EV, it's the infrastructure not there yet, esp the charging stations. I drove my EV to a state park and couldn't find a charging station in ~50 miles. I bet no one has EVs in that area.
US did subsidied auto makers, but CEOs used money to path themselves & shareholders instead of focus on consumer affordability
These comments are full of Chinese bots 😂
It’s time for US car manufacturers to justify the ridiculous price of their vehicles while the Chinese are able to sell cars for $17-20k brand new and with better features.
There is no over build of EV, it is over price.
US manufacturers must give consumers what they want at a price they need , plus they need a better EV technology with sufficient charging infrastructure . Sorry Joe B. Union , US manufacturers won't get all that done in time to save the industry .
No worries. The average price of EVs went from $61K in 2022 to $53K in 2023 and they are still declining with or without China (preferably).
@@tooltalkThe US can't compete . Notice how that lady
interviewer said its good for the US to subsidize
our auto industries but China is bad for
subsidizing their auto industries and its over
capacity.
The reason why in the US, people believe that EV has swung to an extreme end is because due to the lack of charging infrastructure. In countries where charging infrastructure are everywhere, it makes sense that EV demand continues to sky rocket.
US government already subsidize the US car companies heavily! They use the money to buy back their shares! 😂
To protect the american auto industry, we have to endure using lousy but expensive american made cars. 😬
Europe may choose to side with china cuz they love cheap small cars and then the US is done. BTW Polestar and Volvo are chinese. Do they get tariffs?
eventually EU will negotiate with China to open Chinese EV and battery factories in Europe as joint ventures
The EU is about to smack China with a punitive tariff of their own sometime next 2 weeks..
@@fatdoi003You mean like Hungary?
Consumers ultimately pay any tariffs, this is an inflationary tax. Just when we need affordable clean transportation, cheap solar and batteries. Anti-capitalism, anti-free market insanity.
We let Japanese and Korean cars in. They are better made than American cars. American companies stepped up and kind of improved. At one competition is a good thing. If American cars can't compete maybe they should close.
Battery costs in the US are a lot higher than they are in China. Prices are not yet low enough makes EVs in the US to sell at $20k.
40k to 80k for a car Americans needs fear pricing
Correct me if I am wrong. My English teacher always told me that the word “cheap” implies low quality and low value. So as a Chinese, it bothers whenever I hear American saying “cheap Chinese EVs”. Chinese EVs are definitely not cheap, they are relatively affordable, of fine quality and great value, too bad that we can’t get them in North America.
That Americans don't want EVs is an American problem. In China, the world's largest auto market, EVs are dominating and their sales are skyrocketing. In the US, people are slow to adapt to change, the necesasry infrastructure for EVs has not been built, and EVs are outrageously expensive. I am sure Americans would buy EVs if they were affordable and the infrastructure was good. The US is going to be left so far behind it won't be funny.
hes right on one side about ppl being accustomed to large loans at no interest and wanting BIG suvs and luxury cars but its the wrong idea to switch to hybrid and just keeping cars prices high and changing finance options. we need to do what we did when japan came to america with there cheaper to operate smaller cars and just go back to basics. we dont need massive touch screen wars and fat complex rims and luxury materials in our daily commuters that get no range. people want cheap to operate daily vehicles that look unique style wise but arnt full of crap inside. if some applied lotus's mantra of "lightness" to an suv i bet itd sell like hot cakes
The beneficiary of the 100% tax is the US government, and China merchants have no influence. Ordinary Americans pay the US government.
Give me that 10k ev car anytime over a 60k US over rated and over price bs
We Americans like things expensive. We are suckers.
even with 100% tariff，BYDs are still competitive？
It’s not customer does not want EV, its the deficient underlying infrastructure (fast charging station, battery swapping) that is giving people the pause.
and Chinese EV makers coming to the US have to factor that.
BYD just had another bunch EVs catch fire at one of their dealerships a few days ago. The 10th such fire in the last 5 years, plus one at their factory. I've never heard of that at Tesla, ever!
Anyone else just want to buy the 4 cylinder foton chinese trucks that are in mexico? Would be great for saving gas and if you needed to tow heavy just buy a local V8 truck for the day that occurs
Many countries can use solar or other renewable energy to generate electricity. It is cheaper and cleaner. That is another area China can help. Chinese EVs will create new car market. Don't forget China car market is biggest car market in the world. And less than 4.9% of Chinese cars are EVs despite all the growth.
It takes several years from concept to production.
All companies should focus on make cheap basic affordable entry level ev, hybrid cars...if they really want to make it big in USA market
The American market is insignificant for Chinese EVS manufacturers
The batteries cost almost 20k.
Gm has been saleing cars in China for A long ..... Why can't they sell Chinese cars here. ???
So in the meantime, how will US curb its personal transport emission? Will people drive their ICE less and walk/cycle more? Will there be new public transport being built?
The only reason you'd put per-emptive tariffs of 100% is if you know with certainty nobody will buy an American car if they can buy a Chinese car. Pathetic and sad
US automakers are generally no longer competitors to the likes of BYD. They are nowhere to be found on the playing field even.
Just put 100% tariff on all Chinese cars, doesn't matter if they come new from China or second hand from Mexico.
Why ?
Also tariffs carry penalties
I doubt China care at all. They don't sell EV in US.
Do you work for an US automaker? Why do you want to block Chinese cars that are safer, higher quality, higher tech, AND only 1/2 or 1/3 of price of US-made cars. Its like you want to block iphones that sells for 200 bucks so US companies can keep selling 500 dollar flip phones.
@@arvykins9616 Not safer there's videos of Chinese made cars blowing up. I hear that in Russia they don't want them anymore because they are not reliable. Sure they look nice and are high tech but i'll take a toyota over an unreliable unsafe Chinese car.
I would still buy a Chinese BYD $14000 car has 2500 km range even with 300% tariff.
There needs to be a law that only American cars can be bought or go to jail
US attitude has lost , simple
Just like the 25% chicken tax on small trucks the consumer ends up getting screwed. The manufacturers did not adjust to compete they just delayed and screwed the consumer.
Has Europe opened up its poultry market to the US chicken export yet?
100% tariff, they still undercut the competition. The US has been slow or sometimes hostile on green tech, so China will offer that and eat their lunch.
This ends the same way it ended with Japanese and Korean cars in the 80-90s. They build factories in the USA that produce just enough of the car to qualify as an american built car. The Nissan Versa is a decent car, built in the USA, and costs $16,000. But the real breakthrough for US built EVs is going to be the transition to sodium based batteries. There are already chinese vehicles being built with sodium batteries and we are seeing US based companies going into full sodium battery production. Lithium supply chain is a big reason Chinese EVs are so cheap.
except that the Chinese won't get access to the US market. Also remember the US is the largest oil producer now and never have to worry about crazy high oil price that allowed Japan's compact vehicles to dominate.
Sodium is not yet mature and still has too many hurdles, including the falling lithium price, to be used in EVs.
Chinese EVs getting great reviews,BYD seagull,$us11000.Whats a great bargain,shopping like a billionaire.
When the tidings are in your favor, you CROAK “ FREE MARKET” .. when it is not in your favor you have to say this and that…
.
.
Fundamental are we a competitive free marketing
The main stream EVs in China are so good at their price point it will wipe out Detroit and Japanese competition
I don’t want a hybrid for the sake of a hybrid. I want a hybrid cause EV’s are too goddamn expensive. I’d take a Chinese EV anyday!
Don't expect a dealership guy to side with Tesla
Dealer's business model cannot make enough ancillary profit from EV. That's why they are telling car makers not grow EV production.
Please don't put American CEO's humble income at risk! 😢
The problems are us auto makers and customers.
If foreign brands are a threat then there should be more concern on Toyotas or hunydais or Kia’s which are all around
When Biden signed off the tariff hike he thought he is smart.
Hahah where is the free market now?? Keep buying stocks back instead of investing on R&D
so no more open market when you cant compete lmao.
I want one, but tax free
A more important question is, "Can America navigate around the EV tariff". We are ignoring consumers, and favoring protecting domestic EV market for the manufacturers, and auto workers. How long does domestic car industry need to catch up? It's not like nobody heard about EV. Tesla, with the best and the brightest, a head start, we still need to sacrifice consumer interest to leave a domestic sandbox for the howeveryouwanttodescrobethem.
America need better systems, current political system is turning most people off. Too much corruptions. It's being manipulated by interest groups, parties, and career politicians at every turn. They are colluding irrespective of America success.
eliminate requirement to purchase EV, no need for EV tariffs. EV sales would drop to near zero.Very few car buyers today want EV"s. In fact used EV's are just collecting dust on lots across the US
Shame on USA, they can't bear to see some other country moving ahead in terms of technology.
Yeah we can't have cheaper prices but will let u finance that car and then take it back when we crash the economy and rinse and repeat and save money as a auto dealer and make a ton more then we would selling it to u cause after about 5 years we can then sell it to a used car dealership which we own to make more money after charging you 200 to 900 a month plus taxes and fees
Is it any surprise that it was America that came up with Tonya Harding?
is it not surprising CCP came up with Tienanmen Square?
@@jeremytine Is it not surprising so many people believe in CNN propaganda?
@@pbworld7858 Is it not surprising so many people believe in CGTN propaganda? ruclips.net/video/S3RzKKfNkTk/видео.html
The Chinese will be sued down to their undies if they bought this trick
If you really research it, people shouldn't be interested in buying EV's in the first place
Why is the US forcing itself to buy EV's all of a sudden? The Chinese position in raw materials is very well known. Making electric motors is much simpler with lower labor costs and the entire battery infrastructure in China already. Who thought this through?
Pushing the scenario forward, the US companies will simply go bankrupt because of the mandate and the Chinese will come in and buy the brands. The UAW will be gone and so will the US auto industry. It will happen in Europe as well. All because of government mandates.
are you really saying the US manufacturers have an over-capacity in EV Productions? I thought that is what the US government was saying about China? So you subsidies your EV manufacturers and build up "over-capacity" then you punish Chinese Manufacturers for that?
Economy war , where is my cheap ev at 😮
It always backfires. Nothing new.
i want to buy a BYD!!!
No one is buying ev cnbc is nuts
Problem for US is that promoting EVs/renewable energy decreases oil consumption which drives demand for Petro$ - source of US power and stranglehold over global monetary system. Such unmatched leverage has enabled $printing with impunity while exporting inflation -- in effect creating wealth out of thin air paid for by the world.
US is only country in the world that can do this hence enjoys what's termed 'exorbitant privilege' - basically the ability to rob the world to fuel deficit spending and military expansion. It has been this way for 50yrs since Nixon decoupled USD from gold standard.
Much like inflation, US is in quagmire of its own making so promoting adoption of EVs/renewables weakens leverage of Petro$ yet impeding adoption in favor of legacy oil based industries risks getting left behind in dark ages of ICE cars while rest of world takes advantage of China's economies of scale.
ford f-150 isnt 100k ..... but yeah ...
And this is why in Asia, ppl view the US as preaching one thing to the world whilst doing the opposite for itself. So much for free trade, open for competition & push for climate investment. I strongly encourage Americans to take a trip to any cities in China (or other Asian countries) and see for themselves the amount of Tesla on the road. If Tesla can compete in China, I don’t see why the US is so afraid of letting China EV brands from competing with Tesla/ other make or cars in America, unless you’re self aware of your own shortfall (which they do not intend to address).
Fact: Tesla sold 603,664 Tesla in China in 2023.
Yes Mexico. While americans can afford a new car the mexicans are driving a new cheap cars. 😂😂😂
BYD just launch their mid size hybrid truck in Mexico for $50k