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Average New Car Prices Rise Above $50,000 for the First Time Ever
(www.caranddriver.com)
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this post was submitted on 21 Oct 2025
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Isn’t BYD a fraction of this cost, but we’re propping up stakeholder bonuses in Detroit?
This is such a tired argument. Literally the only remaining US automakers are GM, Ford, and Tesla. A vast majority of car sales in the US are foreign brands not domestic. BYD is being propped up just the same as what you're claiming here, which is why no other automaker in the world outside of China is able to beat these Chinese prices, so how is this alternative better for anyone?
China is doing this in order to dominate the market wherever they're allowed to enter, and are well equipped to undercut those local markets for as long as it takes to put everyone else out of business. They control a majority of the minerals needed for EVs so they get to set the external and internal price. They have lax safety and environmental regulations. They already control much of the world's manufacturing capacity. They're a massive country with a massive workforce.
Allowing them to dominate the world auto market in order to buy one or two cheap new cars (before prices shoot back up because monopoly) is going to be bad for everyone.
Respectfully, protectionism isn’t that much better. In terms of economic velocity (efficient use of money/value/resources), it would be better if we used the money in other industries.
“Allowing them to sell superior products is bad.” Sure, for the stakeholders. Not for Americans. I’m already being screwed by capitalists all over the place. Let’s expedite capitalism’s demise, please.
You don't seem to be accounting for the strategic value of the car industry, which is what the person above was talking about.