this post was submitted on 10 May 2024
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281
Biden really, really doesn’t want China to flood the US with cheap EVs (www.theverge.com)
submitted 4 months ago by [email protected] to c/[email protected]
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[–] [email protected] 1 points 4 months ago* (last edited 4 months ago)

China charges nearly double for its EVs outside of the Chinese market. They tend to do what most companies do, charge the highest price that people will still pay. China domestically is the most competitive market in the world, so they have $10,000 high quality EVs, but they don’t have to do that elsewhere and so they don’t.