> This situation has little-to-nothing to do with the current US administration.
This has everything to do with current policy in the US. Which is creating a lot of uncertainty, rolls back the clock on existing commitments, and creates huge disruption for existing manufacturers. This is a direct response to that and there will be more of it.
The notion that this is somehow going to save the US ICE car industry is misguided IMHO. I believe it will actually speed up it's demise. The domestic US market was already lagging behind international markets. GM and Ford are really struggling in those markets. Tariffs and counter tariffs are going to make that worse. Scaling back investments in technology that would allow them to catch up is not going to help either. It's a sign of weakness, not strength when companies stop investing in the future.
BYD is really crushing it in places like South America, Australia, all over Asia, etc. All markets where GM and Ford have to worry about keeping up. The Australian market is particularly interesting to watch because it's similar in tastes to the US but not crippled by tariffs (aka. taxes). It doesn't have a domestic car industry. Or an oil industry. So, they import what's good and affordable. And BYD and other Chinese manufacturers have a big presence there that is rapidly growing.
What happens inside the US is ultimately going to follow what is happening elsewhere. ICE cars are going the way of the dodo one way or another. It's process that's largely completed in China, well under way in Europe, and starting to happen all over the world now.
EVs aren't expensive anymore. That's a local problem in the US that has more to do with the US and how things (don't) work there than with the technology. You can get very decent ones below 20K now in many places. BYD will sell you EVs below 10K in China. The only thing keeping those off the market in the US is tariffs. The rest of the world is wide open to the Chinese and they are happy to grab market share wherever they can.
This has everything to do with current policy in the US. Which is creating a lot of uncertainty, rolls back the clock on existing commitments, and creates huge disruption for existing manufacturers. This is a direct response to that and there will be more of it.
The notion that this is somehow going to save the US ICE car industry is misguided IMHO. I believe it will actually speed up it's demise. The domestic US market was already lagging behind international markets. GM and Ford are really struggling in those markets. Tariffs and counter tariffs are going to make that worse. Scaling back investments in technology that would allow them to catch up is not going to help either. It's a sign of weakness, not strength when companies stop investing in the future.
BYD is really crushing it in places like South America, Australia, all over Asia, etc. All markets where GM and Ford have to worry about keeping up. The Australian market is particularly interesting to watch because it's similar in tastes to the US but not crippled by tariffs (aka. taxes). It doesn't have a domestic car industry. Or an oil industry. So, they import what's good and affordable. And BYD and other Chinese manufacturers have a big presence there that is rapidly growing.
What happens inside the US is ultimately going to follow what is happening elsewhere. ICE cars are going the way of the dodo one way or another. It's process that's largely completed in China, well under way in Europe, and starting to happen all over the world now.
EVs aren't expensive anymore. That's a local problem in the US that has more to do with the US and how things (don't) work there than with the technology. You can get very decent ones below 20K now in many places. BYD will sell you EVs below 10K in China. The only thing keeping those off the market in the US is tariffs. The rest of the world is wide open to the Chinese and they are happy to grab market share wherever they can.