- cross-posted to:
- electricvehicles@slrpnk.net
- cross-posted to:
- electricvehicles@slrpnk.net
Chinese automaker BYD sold more electric vehicles in Europe than Tesla for the first time, according to a report by JATO Dynamics, as an aging model lineup and CEO Elon Musk’s politics hurt demand for the U.S. EV maker’s cars.
BYD, which also makes plug-in hybrid vehicles, registered 7,231 battery-powered electric vehicles (BEV) in Europe in April, while Tesla registered 7,165 units, the market research firm said.
“This is a watershed moment for Europe’s car market, particularly when you consider that Tesla has led the European BEV market for years, while BYD only officially began operations beyond Norway and the Netherlands in late 2022,” JATO Dynamics’ global analyst Felipe Munoz said.
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Sometimes I feel like I am the only person on Lemmy worried about the car market in China being subsidized into a global monopoly by the Chinese government and labor practices.
That is why Europe has tariffs to make the price of Chinese EV cars equal to locally produced cars.
They are now looking to replace tariffs with minimum prices instead.
That’s what the Americans did in the past. And yes it turned out unwise to subjugate oneself to to a leading economy.
I don’t know how you can feel that when it’s been expressed everywhere including Lemmy. You’re missing a talking point of China “stealing IP” though, then you’d have the complete usual set. People were fine with subsidies being used to grow the EV industry in the US (carbon tax credits, direct subsidies to companies like Tesla, income tax credit on US EV purchases, etc) but somehow China subsidizing their own industry is bad. Just because the US corporations took that money to pay themselves more while dragging their feet on producing viable EVs, doesn’t mean China is being unfair by making better use of their subsidy money.
I think you are making a bunch of assumptions. I don’t have a problem with China subsidizing its own cars the same way we do. I have a problem with the idea that the current authoritarian governments in the west are either going to let our car industries die or adopt the labor practices to try to compete.
More likely they’re just going to keep up the tariffs or outright ban Chinese vehicles, then continue to let local industry slowly improve their EVs until they catch up. It’ll delay much-needed reductions in carbon emissions.
You’re not alone.
I attribute this to affordable cars and not being run by a Nazi
Perhaps if we raise prices, we’ll make more money! Step 3, profit!
Well, setting aside the geopolitics those cars are fantastic. My wife has a Seal and it is much better than my EV6 on pretty much all aspects. The only downside is the local garage which isn’t byd but a local actor who is not the best but as long as they aren’t needed this car is fantastic.
