Ford and GM are falling hopelessly behind and they press pause on EVs while China presses forward. What a terrible mistake by these car companies.
True, but converting the chinese price direktly to euro/usd isn't really accurate. The car won't be for sale at this price in the west
It will still be less than the 40k-60k cars and trucks Ford and GM wish to drop on us.
The pricing on internationally-exported Chinese EVs is not meaningful to compare against. The CCP is aggressively subsidizing the production cost of the cars they export, which artificially reduces the cost. The only reason they’re doing that is because they are trying their level best to corner the market and push all other non-Mainland Chinese car manufacturers out of the EV business - or at least, to create an essentially unassailable level of market dominance.
Wait a decade and see how expensive their stuff is. I guarantee you it’ll be basically on par with everyone else at that point.
TL;DR the CCP is conducting overt trade warfare with their EV export subsidies in the interest of dominating the market, which is also why a lot of countries have banned their sale (especially if said countries have car industries themselves). This is generally considered a dick move in geopolitics.
We have already seen market dominance with solar panels from China over the past decade. While prices are still consistently trending downward. This decline can largely be attributed to the intense competition among numerous manufacturers in China.
The same logic can be applied to Chinese EV manufacturers.
In contrast, other countries typically at best have only have a couple of EV manufacturers, often receiving substantial government protection akin to a helicopter parent. This lack of competition keep prices higher.
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