Baua Electric

MARCH 20, 2024

Battery EVs took a 90% share, as recent tax changes make PHEVs less appealing. Legacy vehicles are subject to heavy taxes, but there are few affordable electric models. The lack of affordable EVs is an issue everywhere in Europe, and in the US. The lack of affordable EVs is an issue everywhere in Europe, and in the US.

Norway 52

Norway Market Auto Cheap 52

EV Central

JANUARY 6, 2024

As well as new models from heavy EV hitters such as Tesla, BYD, Polestar and Volvo, there will be a raft of traditional brands jumping on board the electric car race. BYD Seal U BYD Seal U. Due in the second quarter, the BYD Seal U is available globally as a plug-in hybrid EV (PHEV) and a fully electric model.

Australia 98

Australia BYD Chery Volvo 98

Get Electric Vehicle

OCTOBER 27, 2023

This includes battery technology, electric drivetrains, and other components to improve efficiency, range, and affordability. Some Chinese battery manufacturers include CATL, BYD, CALB, Guoxuan, and Sunwoda. This may include tax credits, rebates, or reduced registration fees for EV owners. Again let us take Norway as an example.

Norway 40

Norway Renewable Lithium Ion Gasoline-Electric 40

Baua Electric

MAY 14, 2024

However, given Chinese EVs are incredibly affordable , even a 25% tariff might have resulted in competitive prices. With no other changes, its price would rise to ~$54k – unless or until Volvo moves production out of China , something BYD has also considered in order to enter the US market.

Chinese 52

Chinese South Carolina Volvo Tax Credit 52

Baua Electric

MAY 12, 2024

But instead of just de facto banning the competition from giving Americans access to affordable hot new EVs, the US should instead try making affordable hot new EVs itself. A 100% tariff would bring it to a starting price of ~$54k instead (unless or until Geely moves production out of China , something BYD has also considered ).

China 52

China Japan Chinese Auto Industry 52