Why are US EVs 2-3x the cost of BYD EVs? Do US consumers not want cars at that price point, is it regulation, is to labor/material costs, or some combination thereof?
It seems like if there was a $15-$20k EV in the US market, it would be a no-brainer "around town" second car.
Instead we get $30k Model 3/Y's or $80k EV SUV/Vans.
Nissan Leaf now starts at $28k. Chevy Bolt is now $26.5k (was, now discontinued). Given that the dolphin goes for $21k in Mexico, it isn't a huge price diff, definitely not 2-3x. Not sure where you see Model 3 for just $30k, it starts at $40k in the USA. Only in China does a model 3 cost $32k.
> Not sure where you see Model 3 for just $30k, it starts at $40k in the USA
Probably from Tesla.com. It lists the long range RWD cash price as $29920 (in my state) unless you notice the checked checkbox that says "Include est. incentives of $7,500 and 5-year gas savings of $<whatever> for <your_state>" and uncheck it.
This will be interesting to unpack, seeing what happens to Tesla in a marketing theory sense.
I predict that Chinese and us manufacturers will partner or rebadge Mexican or Canadian made Chinese EVs within a decade
Also, I believe the sodium ion battery has yet to impact the EV market. In theory a 200-300 mile car of sodium ion batteries should be 1/2 that of NCM drivetrain or less. That should enable a sub 10k car even in the us
Kinda missing the point that you get 50% more range in the Dolphin, plus a lot of additional niceties / tech stuff that is just not available in the Leaf.
There are more competitive cars at the price point in Europe (the Leaf is kinda long in the tooth now; second-gen is 8 years old), but the US is likely not a priority market for cheap EVs; it's a smaller market for EVs _in general_ than either Europe or China, and it's also not a good market for small cars.
I assume that the 25k EUR id.2 (replacement for the VW eUp, out early next year) will launch in the US, tho, and should be competitive with the Dolphin.
> Kinda missing the point that you get 50% more range in the Dolphin,
Nissan leaf: 240 km (149 miles) for the 40 kWh version and 341 km (212 miles) for the 62 kWh version.
BYD Dolphin: 340 km (211 mi) for the 45 Kwh version, 427 km (265 mi) for the 60kWh version. The cheapest 30 KwH version doesn't have a WLTP range that I can find (I don't think it is being exported outside of China anyways according to wiki).
The Leaf has just been discontinued and Nissan is running out the remaining stock at about 30% discount, making it one of the cheapest EVs in the market where I live. If it's the car you want, now's a good time to buy a Leaf.
Doesn't that have very bad battery degradation due to lack of cooling system for it? That's what my friend said who is really into EVs. Personally I don't have any type of car.
Subsidies. Basically all savers in China that have money in the bank have to pay for development of what the central Government considers a priority, like steel and aluminium production, solar panels or EV vehicles, or chip manufacturing.
Aluminium and steel costs significantly less in China than the rest of the world, but they now face significant problems because of overcapacity. There are so much factories built and so small demand companies can not survive without help from the Government. They were build thanks to cheap loans from the Government.
So the Government made an investment that is not making money, so basically is a transfer of wealth from bank savers account to industry.
This is also applied in the US and EU, let's remember interest rates below inflation, "Quantitative Easing" and other transfers of wealth the central banks do in the West.
> There are so much factories built and so small demand companies can not survive without help from the Government. They were build thanks to cheap loans from the Government.
It feels like this is true for any older Western country like Germany or the UK too. Why exactly have China been successful in reducing costs?
China boasts a complete industrial chain and the best logistics infrastructure. If you want to engage in industrial production, you can find the most suppliers here, who can provide you with the parts you need at the fastest speed and lowest logistics cost.
Not to mention the largest number of educated workers, who won't leave marijuana in the products you send to customers.
These are all factors that can actually reduce costs, which cannot be achieved solely by subsidies.
There are tons of used Leafs online for under 8k USD that still have a range of 60-100 miles. Perfect around town car but the price seems to reflect that no one wants one.
China has heavily subsidized EV production in order to become a leader in that area (particularly battery production). Same thing they did with solar panels.
It seems like if there was a $15-$20k EV in the US market, it would be a no-brainer "around town" second car.
Every few months Electrek publishes a list of EVs that can be leased in the United States for under $200/month. Sometimes they're as cheap as $99 or even $0/month, depending on your state's incentives.
American companies have been using the excuse of “more technology/screens” to justify the higher price points. Then using vague “inflation”/“pandemic”/“supply chain issues” to justify higher prices.
However as we witnessed during the pandemic, manufacturers of goods tend to increase the cost of the goods despite minimal increase in supply chain, cost of materials or labor. It’s all for maximizing profit and they were “testing” the market to reap massive profits.
With no competition, they (collectively as an industry) felt no need to decrease prices or offer cheaper vehicle options.
I also suspect abuse of CAFE exceptions (ie, “light duty trucks”) is the second leading cause of the death of affordable vehicles.
BYD also charges ~double the price in other markets, including Mexico, compared to China. That makes it very close to a base Model 3, for much less car.
It seems like if there was a $15-$20k EV in the US market, it would be a no-brainer "around town" second car.
Instead we get $30k Model 3/Y's or $80k EV SUV/Vans.