

Why you can’t buy a cheap Chinese electric car
6 snips Jun 19, 2024
Steve LeVine discusses China's booming electric vehicle market, where consumers can buy high-quality cars for $10,000. The podcast explores the rise of Chinese EVs, resistance from American and European governments, and challenges faced by Chinese carmakers like BYD in the US market.
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Chinese EV Market Boom
- Chinese EV makers offer a wide range of prices and quality, from very affordable to luxury.
- Their quality has drastically improved, making them competitive globally.
Subsidies and Quality
- The Chinese government has subsidized the EV industry, but many subsidies are now reduced.
- Consumers buy Chinese EVs for their quality, not just price.
Competition and Tech
- Intense competition among hundreds of Chinese EV companies has driven innovation and quality improvements.
- Chinese consumers prioritize technological features, leading to advanced tech in EVs.