BYD controls roughly 70% of Mexico’s EV market, with cheap vehicles attracting middle-class buyers seeking alternatives to rising gasoline costs and traditional electric cars.
BYD controls roughly 70% of Mexico’s EV market, with cheap vehicles attracting middle-class buyers seeking alternatives to rising gasoline costs and traditional electric cars.
I’m talking specifically about tariffs on EVs which have been imposed by the US and the EU. These lead to the auto industries in those countries delaying the shift to EVs, which will massively hurt them in the global market in the longer term.
Yea, tariffs on importing otherwise legally compliant vehicles is helping noone except the domestic EV makers (in theory).
At least, if you’re the kind of person to think pirating is a lost sale… Same goes for cheaper goods, IMO. Just because someone would buy a cheaper option should never imply they’d be willing or able to buy a more expensive domestic option.
Although somewhere as car-centric as the US they’re going to be driving something, and I think the actual goal is to keep them locked into some sort of gas car as long as possible.
But then why Europe, too? Does Russia have more politicians in their pocket than people want to admit? I have no idea why they’d want to stay remotely coupled to petrol unless they want to have to continue to buy some from Russia.
I don’t think it’s politicians driving that decision, I think it’s the money from Petro companies and car companies that are heavily invested and dominant in the gas car industry
Sounds like Europe still has some lobbyists to get rid of, then…