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In China, It’s Already Cheaper to Buy EVs Than Gasoline Cars
(www.washingtonpost.com)
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this post was submitted on 27 Aug 2023
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We're late. Our competition sucks (almost certainly on purpose). BYD is taking the slow approach to the US market - early next decade? Reuters: BYD Global EV Push
The US car manufacturers are going to take a protectionist approach to a shrinking market. They've already won this decade - everybone has a massive truck/SUV, no transit, all cars including EVs are an unaffordable luxury to Americans now after "inflation."
The US has protectionist rules about EV grants - car must be assembled in the US to receive tax credits. It's why Teslas sold in the US are assembled in the US whereas Teslas sold in Canada are made in China. There are some comments that the Chinese manufactured cars are actually better quality. It probably also explains why Chinese brands like BYD are focussing more on other markets like Europe.
What are you going on about?
The US car makers (specifically GM and Ford) have been heavily pro-active on the switch to EVs. GM's Volt and Bolt were the first real entries into going electric-hybrid and then full EVs at a lower-cost mass-produced vehicles. Now GM's Ultium platform is easily one of the most advanced systems out there and will be the basis for future GM's full EV cars and trucks for the next few years. It is advanced enough where Honda/Acura are using it for their first real EVs (not counting the 1/2 hearted E which was so overpriced and limited in capabilities that it wasn't even brought to the US). Honda is so far behind, they had to have someone else design and build their upcoming EV Prolog and ZDX vehicles.
The Japanese carmakers are the ones dragging their feet.
I thought they were talking about manufacturing, not brand HQ.
Honda might as well be more American than GM. They produce and sell more vehicles domestically than GM.
It's also because, despite subsidies, shipping costs for materials for EVs (and the necessary factory upgrades) are expensive domestically, but this infrastructure already exists, alongside a very willing market that does not have a political identity tied to ICE engines.
A little bit of Bud Light phobia, a little bit of logistics and retooling costs, and a little bit of government subsidies (of both fuel and ICE engines themselves at all steps of production) all comes together to prolong the life of the ICE in the US.