Some news from the EV market related to Chinese EVs and tariffs. Canada imposes a 100% tariff on Chinese-made electric vehicles Canada’s government says it is imposing a 100% tariff on imports of Chinese-made electric vehicles that matches U.S. tariffs and follows similar plans announced by the European Commission https://abcnews.go.com/Business/wir...ariff-imports-chinese-made-electric-113148528 A Chinese EV maker was slapped with a 36% tariff. The company said the EU wanted too much information. https://www.businessinsider.com/eur...ed-tariff-overproduction-documentation-2024-8
their ev is taking on japan in highly populated countries, no lost love to the western auto makers. they probably can’t produce enough to meet the demands.
We can't compete so we impose barrier tariffs. And our government has done nothing but thwart our only real competitor,Tesla, because they refuse to unionize. We bitch about China's communist system but we do exactly the same thing and in the end the consumer gets shafted having to purchase $50k EV instead of $20k. Next time someone tells me we're better because we have a free market I will lol.
Developed countries cannot compete with China. Developed countries' labor costs are simply far too high. Now China is flooding the world with cheap EV cars. Soon China will flood the world with cheap (and decent quality) commercial airplane semiconductor chips commercial rockets (to outer space, the moon and beyond) Space Station rental Then those not-competitive airplane, chip, and rocket makers will close down. ISS will close down soon.
that's no longer correct, it is the era of robots. one'd think it is capital intensive industry, we hav emore money than the rest of the world combined.
I disagree with that premise. "Developed countries" can compete with China on several fronts: 1. Apply the rules that China imposes on foreign manufacturers, that is, to require that cars be manufactured in the country they are sold, in partnership with local manufacturers. If they refuse, they don't get in. 2. Reverse engineer Chinese cars to understand their manufacturing cost savings and compete by producing equivalent or better products. Chinese labor costs are not the primary reason their cars are cheaper.
The EV transition is over. Anybody who wanted one has bought one and the only way that EVs succeed now is with government mandates. Basically, EVs are now over and Hybrids will get a good share of the market going forward. The answer to the EV is the Hybrid and The Hydrogen Car. I look for Elon Musk to shift into Hydrogen soon, if he hasn't already.
I take it you don't follow the subject closely or you wouldn't be writing that. Let me briefly help you: 1. EV demand is strong 2. The EU doesn't count hybrids as green vehicles 3. Government mandates are a fact of life. 4. 14,500 hydrogen vehicles were sold globally in 2023.
EV Demand is not strong other than government mandates which are falling well out of favor. Hydrogen cars are the future. -----Bookmarked----