The Real Reason The U.S. Doesn’t Want Chinese EVs
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- Опубліковано 6 тра 2024
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Americans pay more for EVs than almost every other country in the world. This video delves into the lack of affordable electric vehicles (EVs) in the U.S., contrasts it with more economical options in countries like Mexico and Costa Rica, and explores historical protectionist measures that have shaped today's market.
Learn about global players like BYD and the challenges of competing in a market dominated by tariffs and trade policies, highlighting the broader consequences of such economic strategies. - Наука та технологія
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When US enterprises have the advantage, they will shout "Free trade is the most important thing".
When US enterprises are at a disadvantage, they will complain that "national security is threatened"
That is why US auto makers were no longer competitive as they were too spoiled for competition. As a matter of fact, the whole of all US industry become inefficient due to this.
And over production 😂
@@marvinfok65Please, Western automakers showed Chinese how to make cars. Now the Chinese govt is heavily subsidizing EV’s up and down the entire supply chain so they can take over the entire industry. Western govts are catching on now after they did this to solar and 5G networks using Huawei.
Now educate yourself next time.
@marvinfok65 what are talking about the US is best producer of hydrocarbons. Best maker of military equipment. Best maker of computer programs. Biggest companies in world are computer programs maker Microsoft, Meta , Alphabet ,Amazon
true
$16k gets you a golf cart in the US
🤣 So true. 😂
Pretty sure them golfcarts are made in China as well 😂
Down-payment on $70000 truck!
@@mikhailmamontov2155 I'd be shocked if those truck drivers actually managed to put 16k down for their trucks 😮
A Nissan Versa with manual transmission is under 16k, and it saves you from the terrible Nissan CVT transmission .
If I can not compete you, I ban you.
You must be Chinese
If it wasn’t for unions they would be able to compete 😂
@@ericp4573Tesla has no unions and China does have unions
This, is the America definition of ‘free trade’. 🤣🤣
@@ericp4573that's the dumbest thing I have read today
Our Government is saving us from inexpensive cars. How noble of them.
and factories with safety nets to stop the mass suicides ... but hey, if that it the world you want to live in... by all means move to CCP with a 12 hour day 6 days a week work schedule.
@@jeremytine XD, do you think car production is all hand-me-downs these days? welcome to the era of automation bro!
@@user-lk7tf2qg3m i guess that is why BYD has 704k employees to produce 3 million cars in 2023, because robots do everything? While Volkswagen sold 10.9 million with 684k people. 😉
@@jeremytine@jeremytine 12 hours? Have you ever been to a Chinese car factory? It's 24/7 full automation.
@@leeway777 and yet BYD employs 704,000 meatbots 🤔
The USA loves free market as long as it wins, if it doesn't then it's protectionism all the way. Another example is when Toyota took over the USA, the country put tarrifs to japanese cars, but the funny thing is Toyota kept selling even with the price increase.
Toyota ended up building large plans in US and Canada
@@zeusmultirotor8479 but if make Toyota lost profit and sale to American company Which is not able to compete in terms of quality. In 1990 Japan's Minimum wages were higher than those of the United States but their cars were cheaper
bull*hit. It's because China forced US car companies to partner with Chinese auto companies in order to sell there...then they ripped off the US manufacturer tech to build their own car companies. Now on the other end, they are going to get a tariff in order to sell here. It's Mano et Mano. If the Chinese dont like it, they dont have to sell here. It is what it is
American car companies just increased their prices but people still bought the Japanese cars because they were superior.
@@zeusmultirotor8479the usa forced them too, look at the plaza accord as well
Yes .. But the real Background Player is the Oil Industry which would suffer majorly if the US had Cheap EV's
Oil industry needs to go broke, so that evs can flourish.
@@earlvarner9479So you want to live on a cave? Interesting.
Bingo, you got it.
@@earlvarner9479 how? planes and ships would need a different fuel anyways
Buddy, every thing you touch, from the tooth brush to the tooth brushing paste tube to the switch on your room to the clothes you wear to the shoes you wear are all made from petroleum. Granted gasoline takes around 30% of oil consumption, the rest grows at fast pace, oil companies are here to stay.
I saw a video that celebrated how Oakland schools have Electric buses. When I zoomed in on the buses, they had a BYD emblem! BYD is already in the USA.
BYD does have factory(s) in US to make electric buses for US market for a while. Because big size vehicles have fewer restrictions and more relaxed regulations toward them in US. That's why you see pickup trucks are being made bigger and bigger nowadays.
Woah didn't know this😮
American auto makers where is our small affordable evs?.
BYD bus factory already in Los Angeles for over 10 years, however the cars never existed in the USA
@@weizhang2834 So why is the media brainwashing us into believing that BYD is not allowed in the USA?
Polestar/Volvo are in the USA and is 100% Chinese company.
They claim free market capitalism, and the moment China defeats them on the market, they turn into protectionists.
Same story in Europe, if you can't compete with them, ban them.
Europe follow USA master orders, same with Canada, but worse, no a single Chinese car seen here, just sad.
Exactely !
If i were a yankee auto worker id be ashamed that i work in an industry that needs protection to survive.
Does China have a protectionist economy? Can you import vehicles from North America?
@@12time12 R u joking? Ford and GMs are everywhere in the China
Gm ford and tesla all sell cars in China its one of their biggest markets
@@12time12 Of course,but vehicles are still imported. Currently, the import tax rate for cars in China is 25%, planned to be reduced to 15%. There are many American cars in China, with most mainstream models manufactured domestically and a few high-end models imported. I recall that about one-third of GM's sales are in China
@@12time12lol your ignorance made me laugh
Chinese companies might be subsidies but aren’t Ford, GM and Chrysler subsidised too?
our govt doesnt subsidize chinese EV companies, but subsidize consumers
consumers get all sort of refund/convenience
We want rules for them,
but not for us :)
no. They are not subsidized in the US.
Our Chinese government subsidizes all electric vehicles, whether they are from the United States or Japan. The United States prohibits Chinese electric vehicles, let alone subsidies.
@@kenho-wr5ul2rh7m yes American car makers are getting subsidized, Yellen even admitted it
The best quote I saw regarding Chinese vs American EVs is: “Americans gentrified EVs, Chinese democratized them.” Says it all
Nailed it!
I was going to say "optimised"
But same difference.
The Chinese monopolize them, that’s the difference.
Average westoid logic @@jalend9974
@@jalend9974 Pretty sure the point of the video is that America is trying to monopolise EVs in the US by forbidding fair competition from abroad. The Chinese have no such rules, they're just creating lots of competing EVs in their own country that happen to be far more affordable than what the US can make. No monopoly necessary when you have strong manufacturing. American must have forgotten about that after they offshored all their factories to Asia without expecting any consequences from that decision.
The real reason why the USA doesn’t want Chinese EV, will be due to ‘national security reasons’. 😂😂
Gotta love leftists who suddenly love Reagan “muh free trade” just because it’s China. Those of us on the left who hate free trade are at least consistent.
PS - if China won’t allow cars made in the U.S. to enter, why do you suddenly require that the U.S. allow Chinese cars? Haha, hypocrite. 🤡
"Folks, do you want Xi in your car with you 24/7" 🤣
@@wenerjyI don’t mind if cars are cheap. I think Xu is too busy to care my daily business
🎯💯👏👏👏👏
@@wenerjy 😀Maybe you are an Onlyfans star 😀
Free trade left the American chat
Tariffs are just excuses for protectionism. In the long run, it will erode the competitiveness of US. At the same time, the people suffer as they are the one paying for the increased cost. A country that boasted free market but in actual fact, has always been doing the opposite.
Always has been
That's why China had a 100% tariff on car imports at one time and has since lowered it to 25%. Apparently it didn't hurt their competitiveness so your logic is flawed.
@@someuser7501tariffs does work but it is a sign of weak local businesses. Back in the days when China is weak at automotive manufacturing they put tariffs at 100% and now much lowered. Tariffs just hurt the consumers and benefits the local manufacture.
@user-li8cc9nk1h yes and right now the auto companies outside of China are weak when it comes to making EVs. Only Tesla is making a profit selling EVs while everybody else is so far behind they lose money on any EVs they sell.
America is a big hypocrite.
Another big issue with the EV’s being produced in the U.S. is the focus on luxury rather than their actual purpose.
It seems this is the route they are taking. Unfortunately, in the developing world people don't want $100,000 full size SUVs and pick up trucks.
This is the same mistake they made in the 1970s. Japan was producing cheaper cars with things like ABS and traction control, while American brands were focused on luxury.
@@bubba842 THIS!!! My thoughts exactly! American car manufacturers have learned absolutely nothing. You would think that after Japan dominated the 90’s they would’ve “got it together”, but it seems they continue making the same mistakes. Japan has been dominating for decades, because they give the people what they want.
Basic or uncomfortable cars don't sell well in USA. Most buyers expect a decent amount of features and comfort even on a cheap car or commercial vehicle.
The government wants you pay top dollar for EV’s lol
The government wants people to pay More !
Protectionism for the US auto makers. They want profits without innovations.
Cars in general
The government is owned by corporations
Yet doesn't invest in public transportation
@@ALV694that’s a feature not a flaw.
long story short, american scared of competition
CEO’s and wealthy are afraid of competition.
US want their citizens buy expensive cars
Instead of building affordable, superior cars, US can only apply tariffs because they can't compete on performance and quality. American consumers lose.
The wierd things is the science and tech come from advanced country like us.... yet now this happen....
One thing for sure race to the bottom ia bad forbhumanity😅
And we also refused to build out our public transit systems, in some cases making it illegal to do so. Can't afford to drop $50,000-$70,000 on a new car? Then suffer.
It's not about competion is about Chinese destroying your market and ask yourself this why Chinese bans American products but when you ban theirs they star saying you are afraid of competion
@@JoeRogan-fanpageI don’t remember China banning iPhone, like how the US banned Huawei😅
@@JoeRogan-fanpage Tesla, Ford, GM all sell their cars in China. Its their 2nd largest market
BYD sold 15,000 cars in 3 months in 🇧🇷, cars prices raging from USD 23, 100 to USD 46,000. BYD Song Plus (USD 46,000) ranked 1st on this list. If prices were lower, then the sales volume wouldbe even higher. I saw people tradeing in their Volvos, Land Rovers, BMWs, Jeeps etc for a BYD. All brands when compared to BYD cars seem truly outdated. Toyota is trying to sell Toyota Cross Hybrid (USD 29,000 in USA) for USD 43,000 in Sao Paulo. Luxury price for an outdated vehicle! No way, Jose! BYD has a plan to expand to 250 dealerships and be the 4th car brand in 🇧🇷. Wishing them great success!
How is the Corolla Cross outdated?
@@re4796you might think Corolla Cross looks modern inside out, but when you compare it with the latest models of Chinese major EV brands then you see the difference.
@@dwchen1 the difference being?
@@re4796corolla cross is not even a plug-in hybrid, look at Song plus, its another level. You can charge baterry and drive eletric mode for short routes that most people actually use cars for, the mileage is also far better compared and price is about the same. BYD is destroying the competition, even GWM another manufacturer is doing the same with H6 phev.
@@re4796corolla cross is not even a plug-in hybrid, look at Song plus, its another level. You can charge baterry and drive eletric mode for short routes that most people actually use cars for, the mileage is also far better compared and price is about the same. BYD is destroying the competition, even GWM another manufacturer is doing the same with H6 phev.
Several factual errors in your video: 1. BYD no longer copy design with their EVs. They actually hired former designer from Audi and created unique designs 2. Battery production requires almost no labor, which plays no role in costs. Its about smart batter design and control of supply chain.
It's vertical integration, almost all parts are produce themselves, so, everything is more efficient, cheap, and faster to produce!
And subsidies
They even own their own lithium mines and cargo ships to save on transport and materials.
Even at the end of his video, he doesn't get to the point.
After global EV mandates, the US wiĺ become the land of classic gasoline vehicles, like Cuba.
USA started to look like CUBA
It will be so terrible when “they” force affordable clean and more reliable cars on everyone. Won’t anyone think of Saudi Aramco, British Petroleum, Royal Dutch Shell, Chevron and ExxonMobil? How are they going to keep making all that money from us 😢.
The diferrence that Cuba is blocked by US while US is blocking itsels
@@Takudza they have no problem selling oil, china buys all the available oil, if the us doesn't need it more left for china.
Maybe in a timeline where Cash for Clunkers and the auto industry haven't already massacred the used market.
Actually, what you’ve witnessed in Mexico and the rest of Latin America with Chinese EVs mirrors a historical pattern similar to the rise of Japanese efficient cars in the 1950s and 1980s. By the time the United States opened up to Japanese cars, American manufacturers were crushed by Japanese dominance in the industry after decades of continuous improvement in the Latin American market.
Unfortunately, this lack of a learning curve is what’s killing American-made cars. Japanese cars still dominate the market in LATAM and the US today. Now, Chinese EVs are gaining traction in Latin America, following a trajectory reminiscent of the Japanese cars’ success.
Same problem with American companies for planes and trains as with autos. Let alone so many “American” vehicles aren’t made in the USA, or are mostly made of imported parts.
All year long it’s been constant bad news about Boeing. Meanwhile there isn’t a single American-based company producing passenger trains. The bad business model is a systemic failure.
Probably worth nothing Japanese Car makers seem to have fallen into the same trap with regard to China. Toyota prefer to spend big money on peddling FUD and trying to convince everyone Hydrogen cars are the way to go. Yeah, that's never gonna happen. Why not just do what they will have to do anyway and build affordable EVs that don't need dealerships, servicing and will bankrupt the Petro Chemical Industry. Err....
Actually, BYD is the brand that sells more EVs and Hybrid cars. The top-ranking hybrid plug-in car is BYD Song Plus @ USD 46,000.
2003 BYD starts making EVs
GM destroys everyone of the EV1 cars - pure irony
First, Tesla. Now, Chinese EVs.
Two moments of GM regrets. They could've innovate & dominate, instead they went back to milking the old cow... and now that cow is dying.
Most politicians in the USA are old and don’t understand EV Tech
US politicians are mostly lawyers in addition to being old. They only understand how to lie to us to get re-elected.
Ha! Calling a Tesla an "affordable EV" is like calling an iPhone an "affordable smartphone"
The irony that the new Apple update or iOS copies a lot of new features from Android which is way cheaper.
🤦🏻♂️🤣
It's funny how I've seen a lot of people talking about "but the Chinese government subsidize EVs". People, what do you think the US government does hahahahaha? Ask Tesla how much subsidies has received in the last 10 years hahahaha.
The car companies are squeezing as much juice out of that old orange as they can. The Chinese have planted an orange tree. Strategy.
Fact ! USA's power grid can't handle increased demand of electricity due to decades off neglect and lack off investments
Not really Most EV drivers Charge at Night when Demand is low and so is the Price.. And studies have shown that it wouldn't take that long to upgrade or add extra capacity
@aaronparys1750 Studies ? By the same people who studied war against Russia, China. How well are these going ? Snow storms blackouts heat waves blackouts we really can go on and on. Well keep on believing while our infrastructure is crumbling all around us 👍
Most EV charging stations are powered by fossil fuels (Coal, oil, and natural gas) It's not about the power grid and electricity demands. The U.S power grid could easily handle the latest addition of all these new e-appliances, skyscrapers, single family homes, casinos, mega-factories, and military technologies but all of sudden it won't be able to handle EV infrastructure? If that was the case then why would the U.S be pushing EVs? The only obstacle to this are Big-Oil lobbies and the loss of profit transitioning from Gas to Electric.
Alright then. Let’s remove some of the immense tax breaks from the oil industry and use that tax money to build out the grid.
You mean if we swapped out 100% of our vehicles for EVs tomorrow. But neither can Brazil's or China's either.
The next 20+ years will be very humbling for US citizens.
Humble doesn't exist in American dictionary
@@ALV694 Agreed - the US isn't going to be humbled.
@@ALV694 not yet....
@@ALV694 it will be included, wait and watch. USA will eat humble pies.
Americans would rather bury their heads in the sand than eat humble pie. We are raised to think that we are the only country that matters.
Amazing that everyone still claims that Chinese cars are getting subsidies without specifying any by name. Is it a early start tax holiday ( issued in all countries and state levels), subsidised utilities, parts, tax rates, labour subsidies? I lived and worked in PRC in a JV and know that if they are there they have specific names and rules on applications. Yet no one mentions the general terms let alone the names of the subsidies. Sounds like myths and made up excuses to me rather than owning up to the fact that they are just cheaper to make.
I remembered that Americans even burned Toyotas
Seeing these young Americans knowing these about economy in general brings hope. Yall just have to get those all folks out of congress.
The elephant in the room is the dominance of the EV supply chain and minerals by China.
True. I'm not sure that handing the entire car industry over to China is in the USA's best interest.
@@davidgmaloofso innovate. Make cheaper more affordable EVs rather the grotesque high margin gas guzzlers you Americans love so much.
@@Takudza What’s wrong with big cars, and why would Americans care what anyone else thinks?
@@davidgmaloof you are the one worrying about the Chinese taking over the car industry. They are doing it by producing higher quality at lower prices. The fact that the US has to resort to tariffs to protect an industry that’s refusing to innovate should worry you.
The US (and most other producing nations) caused this to happen by outsourcing everything for cheap labor. In search of the bottom dollar, they ended up losing their manufacturing capacity and now they have nothing but tariffs.
China meanwhile, used the opportunity to become a superpower.
What people are missing here is this doesn’t only apply to EVs, the Chinese own Latin America and the Caribbean for ICE vehicles also. I was on vacation not long ago, the streets were flooded with vehicles under 19k. The last time I was able to purchase a 19k vehicle was a Hyundai in 2020 for my brother I believe. US manufacturer have to figure out ways to lower cost
If it's the quality that they are worrying about, realize most of the American cars were made from Mexico. Worse than chinese
Or, and I know it's a crazy idea, build out a robust public transit system such that you don't need to drop $20,000 just to participate in greater society.
@@traviskitteh wait until you see the invasion of chinese ultra cheap electric passenger aerial vehicles
They can build cars for less than 19K
but they do not want to !
They like high profit instead and less units (less labor cost)
instead less profit and higher production (more workers to pay)
Unions will make sure that doesn't happen.
"It's insanity to keep doing the same thing over and over again. But expecting a different outcome!
I agree, tariffs are poor choice
“Muh free trade” is a worse choice.
They won't do anything anyways, they'll just delay the inevitable unless the US autos actually innovate and rapidly catch up.
@@12time12 No, tarrifs are the worst choice. The only benefit would be to create more domestic jobs, increase revenue for domestic automotive companies/workers, and evolve our automotive industry. However, all these benefits become void if the U.S and these companies refuse to decently pay/hire more workers, innovate the automotive industry, and produce affordable EVs rather instead of solely expensive EVs that can only be purchased through leases with high interest rates. If they can't do that then people will simply stop buying cars and the industry will crash. Tarrifs are just passed onto the consumer and if there isn't decent domestic competition then tarrfifs just hurt the consumer especially if the economy is the way it is now.
@@pill5384yes, I’m familiar with Laissez Faire economics. These companies aren’t just sitting on their hands, they are mobilizing to improve their vehicles. Future battery technology is being researched by all 26 National Labs, including the famed Los Alamos. We would be sitting pretty if the last guy in the White House didn’t install his oil industry minions who essentially halted research and sold off our battery patents to other nations. I’m not sorry, tariffs are a great choice to protect jobs when sound policy is used to bolster R&D. Environmentalists and globalization advocates may cry tears of green, but they’ll live.
I’d also like to point out that our subsidies are paid on customer delivery, China is paying out a subsidy upon completion of the vehicle at OEM. This encourages dumping. I have no problem with China setting up manufacturing that meets USMCA regulations in the USA, I would even buy one. Their favorite phrase is “win-win cooperation”, that doesn’t mean China wins twice. 🙂
Business owners are owning the country.
Nissan has licensed the technology of B class Chinese EV company & put a Nissan badge on them and selling them as Nissan in China
China should try to promote their own name brands instead of using partnerships to boost other peoples brands😅, otherwise the posers could pretend its theirs
@@NeostormXLMAX There is a lot of stigma against Chinese brands, which is why they use this strategy.
100% tariff on EV from China and subsidies of domestic manufacturers may produce expensive EV in U.S. It may be the end of US auto makers as a global player.
I need a Chinese EV badly here in the States
Why? Americans are not in love with EVs.
The legacy automakers in the US and Japan are unwilling to innovate because ICE maintenance is where all the money in automotive is. Tariff only gives them borrowed time. So does spending millions to change the minds of the people into hybrids. We live in interesting times as we watch the power struggle that will change the automotive landscapes unfold before our very eyes.
Exactly. The low maintenance of EVs is what attracts me most. There’s always something that needs getting fixed on my Honda Accord.
Hybrids are another stalling tactic that will fail. Either go full ev and compete, or dont and slowly fade into nothing.
Tariffs only affect the american consumer, but also gets the votes for the politicians !
It's funny how Americans are okay with the govt restricting them from affordable options to protect American car makers. Next time they might say you can't eat Chinese foods for example a Chinese fastfood outlet cos it's cheaper than American food outlets..
No, next time China will say you can't eat egg rolls from the USA because they use real meat😂😂😂😂
@@RacerX1971 Only one country sanctions when they can't compete...and it ain't China....
I would say the difference is that other “Chinese” options like food employ US workers and are made here. Chinese automakers are trying to import their cars without bringing jobs here. I’m sure if they manufactured them here rather than in sweatshops their prices would be nowhere near as low. Maybe still lower, but then at that rate it’s like the video said they would much rather just export to the rest of the world’s economies.
@@RacerX1971 this is extremely racist and sinophobic
@@NissocoMC , go on youtube and see them making fake meat, fake rice, fake etc..they even paint their pigs black so that they could sell it for more. Btw, I'm part Chinese.
The best thing about capitalism for the world is competition. It drives innovation, cuts costs and life gets better for lots of people.
The worst thing about capitalism for the capitalists is competition. It means hard work and less profit for the capitalist.
all economic power subsidies the markets they select to be strategic, Tesla is strongly subsidy, Germany subsidies the car industry, the heavy industry, chemical, the tech ones, etc etc, the us subsidy aeronautical, automotive, data, tech etc etc France subsidy alot too, japan, korea, i mean come on only china do it?
Well you see if I am not mistaken China was paying the manufacturer a certain amount for each car sold while the US is offering tax credits to the buyer. Functionally it is a government subsidy either way but the US gets to claim it isn't subsidizng because the money isn't going directly to the manufacturer.
Things can also get murkier as mentioned in a video by Mentor Pilot. The government funds NASA and NASA has a joint project with Boeing. Similar thing with Airbus. Who is or isn't subsidized?
Increasingly it just seems like China is terrible at hiding these sort of things and having plausible deniability. I guess they are still learning.
@@MorbidEel
American "car companies" got $25 B$ stimulus to develop EVs.
( It was direct subsidizng from us Government)
And what happened to that money?
They buy back stocks and gave the money to the share holders.
They have not used the money to develop EVs.
China gave 3.6 B$ to BYD and they made better EV than Tesla :)
So 25 B$ over 3.6 B$ (or maybe 10B $ for all the Chinese companies, but still far less than US)
Know your Facts !
@@petardetar5191 Didn't know about that. I think Verizon did a similar thing for rolling out fiber internet. Although they at least made a show of trying to do it.
China's eV dominance was achieved by hard work and long planning. Not handed by the US.
finally someone talking with sense
Aided by massive subsidies and cheap labor costs etc
Also stealing tech with espionage and legally hiring up car managers
@@AusDemSchneider China doesn't need to steal tech when Tesla doesn't patent their inventions and Tesla has a Gigafactory in Shanghai.
@@AusDemSchneiderAmerica was giving subsidies too, but apparently not in a way that would actually grow an EV industry. Perhaps the oil companies have too much influence in the US, compared to China
The United States also has huge subsidies for American car companies, far higher than China's subsidies as far as I know, but American car companies do not use them for R&D and innovation or subsidies for workers, but they give them to management and shareholders.
It isn't it that the "US" doesn't want them. The US people very much want to not have to pay 40 grand for a car. It's only certain powerful people who don't want them.
Tariffs on cars that aren't even for sale in the US......🤔
That tells you something,the u.s is scared to death
great job young man
BYD did not copy Tesla's design. BYD has its own design department. The chief designer of BYD's electric vehicles (EVs) is Wolfgang Egger. He has been with BYD since 2017, leading their design efforts and creating their design identity. Egger previously worked for prestigious brands such as Alfa Romeo, Audi, and Lamborghini, bringing a wealth of experience to BYD's design team. Please check your facts before your broadcast.
We make up our own facts, thank you!
In 2016 I bought a use Mitsibishi IMiev 2012 in Orlando Fl for $7,500 ... and still is my main drive car today . It only had 1,800 miles driven at the time .
Now the American governement can say: see, EV’s are not that cheap, better stick to the classic American ICE car…😮😢
US also subsidised Detroit, but GM used the money to push up their stock price and pay shareholders.
Excellent informative video. Thanks.
US wants back to Horses and Carts Grass and Hay. For National Security Issues.
Chinese brands like NIO, Xpeng and BYD would end American EV companies.
USA just cannot compete with the superiority of Chinese market.
They are completely outmatched and outclassed, and are now trying their hardest to keep them out. As a result the US consumer is suffering.
The Yuan Plus/ Atto 3 is not a Tesla model Y competitor. Its a smaller segment car than the tesla. The Byd sealion competes with the model Y.
Now imagine china's retaliation 🤣🤣America businesses needs Chinese market Tesla earns 1/4 that's 21 billion of its profit from China 😢protectionisim won't work what happened to free market 🤣
America is a continent
Free market ended in 2012 when NASA had their entire research archives stolen.
Tesla's entire profit last year including China, USA, Europe was 15 Billion, where did you get 21 Billion from?
@@amols101he didnt say in what currency duh..are you sIow?
@@orangedeelerbut the audience is mostly Americans and the company in question are American, are you slow?
Tariffs are like damming a river with sand
the fall of chinese Ming and Qing dynasties, and the Japanese medieval era, the american Great Depression and the starting of outsourcing jobs in America are all because of protectionism and tariff
chinese govt knows how bad protectionism is, so as to keep market open as much as possible
something the west never know, in the past 2000 years, the nations and races around China always launched trade wars against China
and these nations basically disappeared in history shortly after they launched trade war against China
China only lost trade war once in last 2000 years....
and the last thing is China is seeking win-win cooperation with other countries
Chinese EVs or companies cooperate with many foreign companies
so many foreign companies are benefiting
when US banned chinese products, they are blocking these non chinese, non american companies too
this gives the world a very bad signal/ impression of US in so many levels
BYD are way cooler and better built than a Tesla , you just used and older family SUV for comparison 😂
"Michigan is an important swing state". Yup, you hit the most crucial consideration.
Finally, an honest assessment. I mostly see propaganda on both sides of the EV debate. Many have strong opinions with little to no information. I applaud you, sir…
The issue is that China literally perpetuates propaganda. So even this unbiased take giving them their due, is still based on propaganda
if this is thr path forward, in the future, the rest of the world will enjoy cheap solar electricity and affordable luxury EVs. The GDP of the US will remain high in terms of US dollars, but living standard might be comparable to third world country.
The rest reason is the bank will lose out on charging consumers high interest rates.
The Chevy bolt EV was never $26,500. It was always more than that. The US EV vehicles are extremely expensive.
You mention at 7:40 the issue with USA Auto, It's not luxury and it's not affordable. Personally this is why I think they went the route of utility. Almost all automakers in the USA have pivoted towards trucks and SUV's. They can't advertise on luxury, because European cars exist for comfort and sport, and for affordability there's Asian manufacturing. Want a truck though? The USA has you covered, the same with an SUV, because you'll definitely, eventually, one day need to move a couch.
US government doesn't want but uncle Sam never asks if people here whether they want or not. We can't neither vote nor even have the options.
Whether i want to buy is one thing... Choices in the market is another thing
Theoretically we vote for Congress and the president but they don't ask us what we want.
Nice video,now I have to find a way to go to Mexico and Costa Rica to buy a cheap EV and bring it back to the USA.
Years ago, when Japanese and Korean steels flooded our market, the media somehow portrayed the mills with tons of cheap labor. I visited the Kobe Steel in Japan and Pohan Steel in Korea. The Kobe Steel was an older steel mill and was not as modernized as the Korean. The Korean plant was fully automated and had less than 10 operators. In comparison, an Ohio steel plant for remilling steel plate, about 1/4 the capacity of the Korean plant had over 300 workers. The Ohio plant is now defunct as it did not modernized. Many Chinese auto-manufacturers are operating on dark -modes. No employees, just robots, and lights are not needed.
Well said👍👍.
And they're all small tiny little cars. I like a large full size luxury automobile which tesla dosent even make. With over 7,000 miles of traveling i do every year i need a car with range, not available in an EV. But, if the Chinese made Zeekr EV was available in the United States of America, i would have one sitting in my driveway right now. 15 minutes of charging for a range of 641 miles which supersedes my 570 miles of range i get with my Jaguar XJL. But like highspeed bullet train technology which is also, (fully electric), these high range EVs are not available in the United States of America. American EVs need improvements. Till then I'll keep my jaguar and it's 570 miles of range and leave well enough alone....
There are multiple options. Yangwang U8, Huawei M9, Lixiang L9. etc etc
You are in a very tiny minority and niche market. Most people live in urban large cities and they don't travel more than 50 kms per day.
@@canalesjuan356 By next year, EVs with the range of 2000+ KM per refuel, will come to the market
Not even gasoline cars have that kind of range !
@@verypleasantguy And that is when i will buy one. But right now, when it comes to range, the American EVs are inferior. Sorry to say but long range is reserved for gas cars only.... hopefully for now.
@@verypleasantguy Great!! Now that's what im talkin about!! This is what im waiting for. Till that day, im going to leave well enough alone...
nothing wrong about protecting your own industry.
don’t think the Bolt was discontinued. News just says it stopped production to retool for the next Bolt
Same thing they did to Huawei just because US companies were badly lagging behind in 5G technology at the time.
You didn't point the important factors that 1. Chinese has better technology. 2. the Chinese workers are 50% or even 100% more productivity than US workers, 3. Chinese government systems are far efficient than USA, maybe another 50% better in general. 4. China manufacturers' CEOs make much less than US auto CEOs, maybe only 5% of salaries of GM CEO . 5. China market is 3 times bigger than USA
Yes, Tesla sent several hundreds Chinese workers to their Texas manufacture to teach American workers to increase productivity. US workers become lazy with high demands.
Better technology ... have you seen the number of EV blowing up in China, rear axles falling off due to lousy components, etc. , etc.
@@user-ei1ct4gn7s lol and don't spend on R&D because they steal everything
@@user-ei1ct4gn7s Have you ever been to China? Don't act like a BBC CNN fed 🤡
I don't think Chinese workers are more efficient than Americans at all. At least the company I worked for, we moved all Chinese HVAC production (Midea Industries) to our US factories from 2014 to 2018. Best decision ever, especially after how China bungled COVID in 2020. Our US competitors still made their products in China and Mexico and were decimated by supply chain issues during Covid. We kept on building in the US and grabbed market share and created thousands of new US jobs. De-risking China can be done!
I hope I could make a video like this one day. I like how you confidently telling a story. Great video!
Excellent video, everything to the point and well explained.
Teslas are anything but cool. Almost the same look. BOORRRIIIG.
The US does not have the resources and the tech to compete on a level playing field with EV’s.
Tesla is an American company competing directly with Chinese companies in China.
Tesla even open sourced their patents years ago to kickstart the American auto industry. Still way behind ...
Subsidies are the reason the production cost are so low
It is almost impossible to compete with China for any product in terms of cost at the moment. Their wages are at least 5 times lower and the work hours per worker are almost double (the 996 schedule) than that of the US. It is 10 times of human capital cost difference. Their purchasing power per dollar is almost much higher for parts and materials.
All things combined, the US needs to be ridiculously much more innovative to offset the huge cost disadvantage, and most importantly on things that cannot be easily copied. The technology of budget EV is however not that high tech so I actually think tariff is almost the only solution now. Perhaps in the near future, robotics may be able to lower the cost substantially here.
When you have to pay $18 an hour , how in the world can you manage to price your cars lower than cars from china. Check the average median salary for a worker from china and compare it to a worker in a US factory.
Many other factors besides wages.
US auto workers make a lot more than $18/hour.
you should also know the living cost in china. all basic need, education, and transportation are cheap.
Where did you get the $18.00 an hour figure? Nobody would do that job for that money! Maybe $30.00!
Even that is only $1,200. a week!
And the fact is the 5$ an hour Chinese workers are making probably has more purchasing power than 18$ an hour American workers are getting.
nissan changed their name to datsun, just in case it didnt do well in usa... they didnt want to tarnish the nissan brand.
By the way. The cheap and affordable and economical gas cars are also banned. Those under $15K and over 80+MPG hybrids are also banned. So we need to pay over 50 per tank every 300 miles. Great.
Your final point was really interesting. As an Australian I have a similar access to cars as much of the world, Asian cars for something cheap and Euro cars for something luxurious but I have no desire for any new American cars.
1. Chinese labors are not cheap. Average income is $13000 per person annually. Auto workers are between $20000-24000.
2. China stopped all kinds of subsidies in 2022.
Those incomes are very, very cheap by US standards.
@@davidgmaloof still much higher than Indians or Vietnamese. So US should prevent the influx of Indian and Vietnamese cars
@@yeetian2774 why are you attacking india? We are also a developing country that has suffered just like China, but you and people from China treat us like enemies and savages. Shame on you for preaching about protecting the developing world and then looking down on a developing country!
The usa income is comparably higher because of the currency rates, and also due to its own economy. But it doesn’t have to be that high actually. So in fact American workers could had been more competitive if the policies are correct
Things are being made in China because of the local expertise. There's an interesting video (from Vox or Cheddar) in which they explain that manufacturing phones in the US on a large scale is not possible because there isn't enough skilled workers and engineers.
Quid pro quo
Well explained, thx!
Hey, I'm from Michigan! Informative video, well done.
I've no first hand experience with BYD, but I do worry about the quality of the product. Hearing stories of their bad warranties, cheap metal, car fires, and earning the nickname "Burn your dreams" in China, makes me really wonder if they would hold up or even be able to meet the U.S. requirements to be sold here.
They are now competitive in Europe. That means they perform as well as other cars in European safety testing. That doesn’t mean they will meet US standards, but that’s a business decision for them and not any technical shortcoming.
Don't worry, as far as i was informed these BYD cars are way superior in quality than American ones if not all of them.
Keep in mind that Chinese automakers pay their workers $10,000 a year. That's $5 an hour. BYD wants to cut that to $5,000 a year. Not even robots work that cheap.
In fact, Chinese auto workers earn between $20,000-$24,000 a year, and the source of the information is the Chinese network!
Dont forget the same subsedies were given to Tesla too but their price never came down.
You can't compete, you band it. 😂😂😂
There is a massive difference between Chinese EVs entering the US market and Japanese cars entering the US car market back in the 80s.
China devalues their currency to increase exports, which steals purchasing power from the citizens of China, and China engages in forced labor.
Japan never had such issues. Japanese cars were simply better engineered. Competing with Japanese cars required US automakers to adopt the practices of their foreign competitors and to innovate at a higher level.
To compete with China would require the US to adopt economic and labor practices that are similar to China. The average US citizen will not accept the dramatically lower purchasing power and forced labor practices that would be required to be competitive with Chinese cars.
Nah.
USA subsidies its industries all the time, how often have us airlens or car manufacturers gone bust, almost weekly.
China is a capitalist state the USA is a soclaist state.
China operates a free market the USA does not.
Chinese cars are just better made, in far better factories due to investment. The Chinese c suite is not only interested in stock option prices unlike the USA.
USA greed culture is destroying us manufacturing and nothing else.
Take responsibility for your culture of greed and not investing. Look at Boeing as perhaps the best example of the us greed culture.
So are you implying that the Chinese are forcing the Americans to print more money and harvest wealth using dollars from all over the world? How ironic😅
Chinese workers have much more purchasing power for their money than US workers for $, know your Facts !
Listen this and try to understand, under is Link, copy-paste and learn :
“The U.S. Economy Is A HOUSE OF CARDS!” - Says El Salvador’s President
You sure it's not because of poor range and the fact it takes 7,8,9 hours to charge depending on the power outlet you're charging with?
And the fact that they have the highest rates of catching fire.
Chinese made equals garbage
@@ZoomZoomMX3,It's obvious that you have never seen a Chinese EV, which is top quality, high-tech, offers way more features, and are far more superior than Detroit made cars, and it's cheaper. Using 1 or 2 examples to paint a bad image of millions of their cars won't help you.
Tesla uses byd batteries on their cars because technological speaking they are way better 🤣🤣🤣😭💯
it doesn't, if you using an EV charger is take 20-30 minutes if your using a 110v outlet your probably charging overnight anyway
@@ZoomZoomMX3
Cope. Biden wouldn't have imposed 100% tariff if they were garbage. They would be no threat to Detriot.
Riiight...it costs $30,000+ to manufacture a smaller EV at a non-union US factory. A book-cooking if ever I saw one...
Wages are the biggest % In this. Plus Chinese companies are not private companies on the stock exchange, meaning that they don't add to add a margin for shareholders.
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