“In short, Detroit is drifting further and further from the starter car, while factories in China are specializing in it. Just don’t expect the latter to solve for the former anytime soon.”
There is a bit of union blaming in the article, but it is an overall good article. Basically import taxes, tariffs, and anti-Chinese political sentiment prevent us from having sub $20k EV car.
There’s nothing stopping Chinese companies from getting them other than extra cost. And as they serve a global market rather than just the US, the loss of business might not be worth it to the Chinese companies, considering how large the domestic segment is. Like why bear all the extra cost of UL cert for the NY market (or even the US market) when you can continue selling to China, SEA, India, etc. There’s a CBA to be done there and I don’t imagine it results in these companies shelling out.
Makes sense, thanks for the explainer