Where in the world can you buy a $12k EV that doesn’t come from China?
We have subsidized them here with the $7500 credit and loans/grants to retool factories but it’s a drop in the bucket compared to what China is doing.
Ford just released their financials for last quarter and it showed them losing $130k for every EV they sold: caranddriver.com/…/ford-ev-revenue-losses-q1-2024… so clearly they aren’t subsidized so much that they can sell them for pennies on the dollar like BYD.