President Trump's visit to China highlights a key tension for American decision makers: how to manage China’s growing prowess in sectors like the auto industry.
Perverse fuel economy legislation and optimizing for high profit luxury vehicles meant consumers were choosing between a $20-30k ICE truck/suv or a $40k stripped trim EV.
In 2024 (when automakers were finally getting off their asses), only 10 BEV models were under $40k, most with pitiful range and only 2 just under $30k.
For comparison with ICE, there were 18 compact cars under $30k and 13 trucks under $40k. You could buy TWO Ford Mavericks for the price of an Ioniq 5 or a mid-trim Ford Mach-E.
This is some low effort trolling, do better.
Perverse fuel economy legislation and optimizing for high profit luxury vehicles meant consumers were choosing between a $20-30k ICE truck/suv or a $40k stripped trim EV.
In 2024 (when automakers were finally getting off their asses), only 10 BEV models were under $40k, most with pitiful range and only 2 just under $30k.
For comparison with ICE, there were 18 compact cars under $30k and 13 trucks under $40k. You could buy TWO Ford Mavericks for the price of an Ioniq 5 or a mid-trim Ford Mach-E.