Biden Administration Is Said to Slow Early Stage of Shift to Electric Cars::The change to planned rules was an election-year concession to labor unions and auto executives, according to people familiar with the plan.
Here’s the story as I understand it. US automakers want to make expensive premium cars because those sell for high margins. The big breakthrough in the EV market over the past few years has been China EV makers figuring out how to make cheap and “good-enough” EVs, which are catching on in many places across the world. This is clearly the direction in which the market has to move (whether via Chinese or non-Chinese automakers) to spur mass EV adoption. In the US, however, the established automakers can rely on protectionism to block imports, this keeping the US market limited to big expensive cars that remain using ICEs.
They just announced that’s the plan actually
https://www.reuters.com/business/autos-transportation/chinas-byd-plans-new-electric-vehicle-plant-mexico-says-nikkei-2024-02-13/
Last month, Tesla’s chief executive predicted that Chinese automakers will “demolish” global rivals without trade barriers.
it sounds like maybe they should, idk? work on making their own garbage cheaper then? that soley sounds like a competition problem not a consumer problem. As long as the cars meet US safety standards for manufactoror I embrace the competition
