"The average sticker price for a new car in the US is more than $50,000, up from about $40,000 in 2020,………….with S&P Global Mobility predicting the proportion of $1,000-a-month loans will double over the course of the year to 40 per cent."
Meanwhile, Chinese carmakers like BYD are selling decent salons & SUVs for $25,000 or less. With home charging costing ~0.25–0.30 kWh/mile, electricity ≈ $0.17/kWh, that means $0.04–$0.06 per mile. Gas at $3.10/gal costs twice that per mile.
The fossil fuel industry and legacy gas-car makers think they can string this out for years to come, but I wonder if it's the opposite. Affordability is the political buzzword of the mid-2020s, and gasoline is on the wrong side of it. Most people would have several thousand extra dollars in their pocket every year if they chose Chinese EVs.
Rising prices push US gasoline-car ownership costs to breaking point. The good news? The future: Chinese EVs that cost half the price, powered by electricity that costs half the price of gas, is already here.
byu/lughnasadh inFuturology
29 Comments
>”The average sticker price for a new car in the US is more than $50,000, up from about $40,000 in 2020,………….with S&P Global Mobility predicting the proportion of $1,000-a-month loans will double over the course of the year to 40 per cent.”*
>Meanwhile, Chinese carmakers like BYD are selling decent salons & SUVs for $25,000 or less. With home charging costing ~0.25–0.30 kWh/mile, electricity ≈ $0.17/kWh, that means $0.04–$0.06 per mile. Gas at $3.10/gal costs twice that per mile.
There are a ton of extremely capable gasoline powered vehicles that are in the same ballpark as the $25,000 Chinese EV. For anyone that doesn’t own a home with a charger, the ICE car is still the better option, even if the Chinese EV was available here.
And we can’t buy them in the US. (At least, I’ve never seen one for sale or advertised).
I can’t get those in America yet. The president and American automobile company lobbyists won’t allow it(plus China is backing Iran that means 10+ years of them never being an option).
Can I legally order one yet? I don’t have the money to ship a car to America but I’m asking for the near future.
No, they’re not here in the US. They’re banned and the incumbent brands are lobbying hard to keep them out of the US market.
If you want your car dependent on Chinese software that could easily be used against you, go ahead.
This isn’t a good thing. Regardless of the green appeal. And love him or loathe him, Tesla are very important. You can’t afford to hand the Chinese this level of control on infrastructure. Being from the UK I know that, as they’ve cleverly just edged all our steel etc to shutdown and we’re now genuinely defenceless if a war broke out
Average sticker price is worthless. What’s the median price?
Why the f can’t I have a $15K Chinese EV. Let us have cheap stuff. We’re pretending to be the capitalist bulwark of the world, but instead we’re using tariffs to keep out high-quality, competitively priced products, while at the same time passing dumb-ass anti-climate regulations that make it impossible for our own companies to build the cars or the future. And as a result, we all pay way too much for cars and we’ll have to pay again when U.S. auto companies, hamstrung by our own stupid government, will inevitably need another bailout. This is bullshit.
This is not future, I could walk out and buy one today. There is a dealership selling them 15 mins from me.
It looks like the Chinese EV’s may hit Western auto makers, and the big Japanese brands, like the Japanese import wave that hit Detroit starting in the 70’s. We’re going to see some brutal political battles over whether and how to let them in, and bailouts for legacy brands. My guess is that we’ll see Japanese versions here before we see the ones from China.
Have you seen how expensive electricity is? Like I need an extra $100+ on my electric bill. And charging stations are few and far between. Still less expensive to drive a non electric vehicle for the most part.
Watch as the US regime will say that they’re stealing our data and ban them from the US as it was dineto Huawei
I see the wumao and the little pinks working in ‘marketing’ are out in force today eh. I wonder if this is Daddy Pooh’s directive hahaha
the cost diffference per mile is honestly the part that might change things the fastest. if normal drivers start noticing they save real money every month the shift could happen quicker than people expect
People aren’t buying $50,000+ cars because they have to they do so cause they want to.
You can get a new Subaru Impreza or Toyota Camry for like $23,000.
Trump won’t let them sell cars here because it would destroy the auto industry. I’m not sure I disagree with him on this one- it would badly damage those companies and likely cost hundreds of thousands of American jobs. I believe that those cars have been subsidized heavily by the Chinese government, we should probably do something similar and just copy the crap out of them.
Yup, just have to wait for the charging infrastructure.
EVs failure in the US wasn’t because people didn’t want to buy them, people couldn’t buy them because they didn’t have a place to charge it
Welcome to the future america, you finally came here after one very crazy guy made you do it huh? ✌️
Surprised how many down votes and a few very angry votes I got for pointing out that yes, china will shut your critical plants down if they have the chance.
Please see https://www.thetimes.com/business/companies-markets/article/chinese-owner-british-steel-snub-cash-offer-uk-government-r87bscppb?gaa_at=eafs&gaa_n=AWEtsqeV5GSxJo43EYbu_PYNvOhnLuNA0jt0GkECkPqwpQaGJiRUrYcHtJ8c21R8X_M%3D&gaa_ts=69b8782f&gaa_sig=kYDmx2WuvlMs6X9bMylbg7wlNDVqJI6dw7_35tTCbXSXCd81IAYb_2zx-TTu8yNH1AQ0tsrcVyigkCnnjAuhRg%3D%3D
Or
https://news.sky.com/story/british-steels-chinese-owner-rejects-500m-government-aid-offer-13336194
This is not excusing years and decades of British state malfunction. There is not a functional uk state left its chaos. But you can’t ignore that china has not taken advantage of that. So please debate not downvote and send abuse 🙏
Hopefully china also brings over the cheap solar panels bc fuck dte too
Yeah it’s time to let go of 20th century tech and embrace the future. Tired of oil and gas companies clutching desperately to it instead of getting with the times.
BYD and Vinfast are awesome!
Got ton drive them when I was in Vietnam and Cambodia and a very impressed with them .
I personally have a PHEV SUV which I love but I would trade that in a heartbeat for a fast charging EV
I can see where the traditional US and European car manufacturers are very concerned about these Chinese and Vietnamese offerings..
I’d like to see a bit more safety from the Chinese vehicles.
US deaths per 10,000 vehicles 1.57
Chinese deaths per 10,000 vehicles 5.48.
The rest of the world gets to pick from the best and cheapest technology available. If labor costs are an issue that would be a good use of a tariff, to equalize labor costs. We fight with our biggest trading partners over nothing. It’s total insanity.
As with many Chinese products, “cheap” doesn’t mean “quality”. Most Americans can’t afford to install a charging unit in their home, live in an apartment that doesn’t offer EV charging, or drive greater distances than an EV offers. Not to mention depreciation, longevity, cold-weather performance issues, and cost of a battery replacement. If anything, Toyota is ahead of the curve… the future isn’t all-electric vehicles, the future is hybrid vehicles.
Neither major US political party is interested in opening the market to Chinese vehicles.
You can get a Toyota Corolla for 23k or a Corolla Hatch for 24k or a Kia Soul for 20.5k. You need to compare a base model with base model.
All dealers are doing mark ups for everything right now. The same will be the case for Chinese dealers if they were allowed, and they will likely have dealerships as the rest of their supply chain is on another continent.
You’ll never get these in the USA, all the domestic automakers would go bankrupt overnight. BYD is heavily subsidized by the Chinese government, and they can’t compete with that. Nor should they have to.
They won’t cost half the price by the time legislators get through with them. They’ll tax and apply so many unnecessary safety features to them that they will cost more than the approved brands.