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Why Americans aren’t buying more EVs
(arstechnica.com)
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this post was submitted on 19 Jun 2024
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My car cost 10k€, the equivalent EV is 20k€. Why don’t I buy more EVs? That’s a mystery, let’s call McKinsey to understand why.
Also let’s double the price of more affordable foreign cars to increase the amount of mystery. Sometimes I wonder if governments do this to make fun of us because it’s so stupid.
Those "more affordable foreign cars" are only priced that low because the Chinese government is subsidizing them so much, which is only temporary and lasts just as long as it takes to put their competitors out of business.
This is a race to the bottom just like states giving trillion dollar corporations billions in tax breaks as an incentive to move to their state. At the end of the day, it just harms everyone and should be avoided, which is why the US and EU are putting tariffs on Chinese EVs. They're still free to sell them at the real cost and actually compete with everyone else.