BYD is kicking off a price war with gas-powered cars as new lower-priced electric vehicles begin rolling out. After launching the new Qin Plus EV Honor Edition on Monday, BYD said it’s “officially opening a new era of electricity is lower than oil.”

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20 points

Mind you, that’s the price in China. By the time they bring those to the US or Europe, that price usually doubles.

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6 points

Still, $30K … still compelling.

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4 points

But not really cheaper than a cheap ICE car. It will be interesting to watch how their pricing works out in the end.

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