BYD: Foreign EV Threat

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BYD: Foreign EV ThreatStarted by Eoin WilsonThe discussion centers on the impact of Chinese electric vehicle manufacturer BYD on the United States automotive market. It examines the role of government subsidies in China's manufacturing capabilities, the effectiveness of high tariffs in restricting BYD's market entry, and the potential economic consequences for the domestic internal combustion engine vehicle industry.

High tariffs between the US and China are currently preventing BYD, the world's largest EV manufacturer, from entering the US market.

China used government subsidies to transition from producing low-quality vehicles to producing high-quality, low-cost electric vehicles for export to Europe and Asia.

Allowing BYD to enter the US market would cause significant economic harm to the domestic internal combustion engine vehicle market and US-made 'macho' gas vehicles.

BYD is the world's largest electric vehicle manufacturer, and you may not have heard of them. Uh, and here's why. Uh so we've got, as you all probably know, we've got competing tariffs between us and China, something like a hundred percent on goods. Um, and so this is currently keeping BYD, which is China's EV manufacturer and the biggest in the world. It's keeping their vehicles out of our country. Um, and a little bit more on those. So in the past, China was kind of making low-quality, bad electric vehicles. Uh, and then they kind of figured out that with government subsidization, they can…BYD: Foreign EV Threat