We’re late. Our competition sucks (almost certainly on purpose). BYD is taking the slow approach to the US market - early next decade?
Reuters: BYD Global EV Push
The US car manufacturers are going to take a protectionist approach to a shrinking market.
They’ve already won this decade - everybone has a massive truck/SUV, no transit, all cars including EVs are an unaffordable luxury to Americans now after “inflation.”
The US has protectionist rules about EV grants - car must be assembled in the US to receive tax credits. It’s why Teslas sold in the US are assembled in the US whereas Teslas sold in Canada are made in China. There are some comments that the Chinese manufactured cars are actually better quality. It probably also explains why Chinese brands like BYD are focussing more on other markets like Europe.
It’s also because, despite subsidies, shipping costs for materials for EVs (and the necessary factory upgrades) are expensive domestically, but this infrastructure already exists, alongside a very willing market that does not have a political identity tied to ICE engines.
A little bit of Bud Light phobia, a little bit of logistics and retooling costs, and a little bit of government subsidies (of both fuel and ICE engines themselves at all steps of production) all comes together to prolong the life of the ICE in the US.
We’re late. Our competition sucks (almost certainly on purpose). BYD is taking the slow approach to the US market - early next decade? Reuters: BYD Global EV Push
The US car manufacturers are going to take a protectionist approach to a shrinking market. They’ve already won this decade - everybone has a massive truck/SUV, no transit, all cars including EVs are an unaffordable luxury to Americans now after “inflation.”
The US has protectionist rules about EV grants - car must be assembled in the US to receive tax credits. It’s why Teslas sold in the US are assembled in the US whereas Teslas sold in Canada are made in China. There are some comments that the Chinese manufactured cars are actually better quality. It probably also explains why Chinese brands like BYD are focussing more on other markets like Europe.
It’s also because, despite subsidies, shipping costs for materials for EVs (and the necessary factory upgrades) are expensive domestically, but this infrastructure already exists, alongside a very willing market that does not have a political identity tied to ICE engines.
A little bit of Bud Light phobia, a little bit of logistics and retooling costs, and a little bit of government subsidies (of both fuel and ICE engines themselves at all steps of production) all comes together to prolong the life of the ICE in the US.