Why Can't I Buy a Super-Cheap Chinese Electric Car?? (w/Richard Wolff)

These electric cars are great for the environment and great for working people because they're super-cheap. I want one! They're available at low cost everywhere but the US. Why?? Prof. Wolff and I discuss.
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[@ellvtv2314]

And yet the US says that China doesn't play fair in the free market. lol

[@0ooTheMAXXoo0]

It is possible o be worse than the USA... In China these days they teach school children songs about hating America. They have millions of starving and homeless people, but not officially. You go to prison if you dare say you need help or talk about your problems... The CCP seems to copy all the worst parts of capitalism,the worst mistakes the west have since moved on from...

[@jogana6909]

When US enterprises have the advantage, they will shout "Free trade is the most important thing". When US enterprises are at a disadvantage, they will complain that "national security is threatened"

[@shaneelliott9045]

By play fair they mean dont rip people off to pay 1 man squillions of dollars

[@northernsamba7388]

It is becoming impossible for the emperor without clothes to hold solitary beauty pageant on horse back.

[@chaoskid1211]

Stop devaluing your currency. Stop your slave labor. What's the matter, your economy is in the toilet?😂

[@Starchild670]

Instead, we get the Cyber truck. America, fuck ya.

[@robvannNS]

Yup, they should have been developing affordable Ev's.

[@YongLi-np3wg]

You can go to Mexico try the BYD shark. It will be available in August. Not sure if US allow parallel import.

[@richardhamilton-gibbs6360]

Wake up to economic reality. Then do some homework. I'll help you to get started. If you look at the original Tesla business plan, it has always been to build an expensive model (to underwrite the development cost) and then to figure out how to mass-manufacture a vehicle that is desirable and affordable. So the S and X came first, then the 3 and the Y at half the price, and the next vehicle is going to be a $25K vehicle. Tesla lives in the sociopathic American capitalist model where public company valuation is dependent of growth and profitability. Remember back in 2017 when the press was talking about Tesla-Killers, those vehicles that the legacy manufacturers would build with their amazing expertise, that would put Tesla out of business? Today, every Ford Mach E that sells for around $50K costs Ford over $120K! GM is in the same boat, as is Mercedes, VW, BMW, and every other legacy manufacturer. Tesla is the most profitable company in the auto sector globally! Look at the Cybertruck. It has pioneered a bunch of new technologies: 48-volt electricals, 4-wheel steering, steer by wire, revolutionary heat exchange gear, etc etc (check out Sandy Munro's KZbin channel) and Tesla now has technology they can figure out how to mass-manufacture this new technology for their new low-cost vehicle. The legacy auto manufacturers are desperate. They're going to be forced to license everything from factory systems to auto design to wiring systems to software and they'll have no choice but to go to Tesla. Meanwhile, Joe Biden is trying to screw Tesla, SpaceX, Elon Musk, and help out his Big Business Buddies.

[@0ooTheMAXXoo0]

@@robvannNS The supply chain still needs to grow! Cybertruck was their way of introducing 48v parts. No way to start with a mass volume vehicle and grow that ramp without a built up supply chain... Also, Tesla model 3 and Model Y cost less than the average selling price of cars in the USA. Lower cost than a base Corolla TCO 5 years and 10 years... Tesla outsells the cheaper Chinese cars other than the under 10k EVs without safety features... The amount of demand they would get for a cheaper EV means that hey have to be large enough before trying, or it would be useless. Less margins on lower priced car, means that you have to ramp up to higher production numbers before you break even so having size, cash saved up, good relationships with parts suppliers that have to grow along with your ramp is super important...

[@AugustusOmega]

@@richardhamilton-gibbs6360 Must was born and raised in a country that belongs to the other world...Sth Africa is in BRICS and his genius is resented in the US...he could be just as successful batting for the china=russia team.

[@patropata6621]

You want to see how mass public transport works.....forget Europe.....China has it all, more hi speed rail, commuter trains that run exactly on schedule and are driverless, huge modern, clean transit stations.....the best in the world.

[@stevezodiacXL5]

TBF, Japan has had all that for nearly 50 years! First Bullet Train was built in the 1960s. I've travelled on both Chinese and Japanese systems - but ten years ago. I imagine the Chinese systems have surpassed the Japanese ones by now. And they are so much cheaper to use!

[@robisverybad75]

@@stevezodiacXL5 China has built enough high speed rail to circle the earth. Japan, not so much

[@stevezodiacXL5]

@@robisverybad75 Don't be daft mate - look at a map. Japan hasn't got the land mass to build that much. ;-) China has done great things - I've travelled all over China and Japan, speak pretty good Japanese, and very basic Mandarin. I know both countries pretty well. No need to be so twitchy! I love China! But you can't deny the fact that Japan built its high speed rail in the 60s, and that's all I'm saying.

[@Jeff-sm8of]

The Chinese have already said they are not counting on the yankee market. There are much easier markets and they are huge markets.

[@stevezodiacXL5]

Used to travel around East Asia a lot between 2006 and 2016, and even then, all the talk was of China developing its internal market, and how they would improve the buying power of their working and middle class folk, so they were not so dependent on exports. Of course, with their new friends in BRICS, they have a couple of billion people happy to buy their products! While us in Europe and the USA (perhaps half a billion) have to pay for over-priced goods because we are too dumb to work out that good trade conditions are mutually beneficial.

[@conchobar]

China ia already the largest auto market.

[@merrick6484]

China‘s exports to ASEAN countries has already surpassed exports to US. Trades has heat up between China/ Russia, China/India. And there are markets in Central Asia, West Asia, Africa and S.America. China is open up new markets, but US is only worry been defending its own market. 😆 US is lost globally.

[@DioBrando-qr6ye]

​@@stevezodiacXL5 Europe has tariffs but they're not as bad as the American ones, some Chinese cars are already here. I hope the EU authorities don't follow the American example, otherwise we'll stay with gas powered cars for a long time. Even the cheapest European EVs are outside the reach of the working class.

[@eish3291]

Countries which are still under developed will have the latest ev technology ahead of the USA so China is not worried about being blocked from the us market . The rest of the world is a much larger market than America.

[@robvannNS]

The chinese allowed Tesla to build their Shanghai factory. This is win for Chinese Ev builders as competition improves efficiency and quality for everyone. Isn't this how it is supposed to work...Recal US car quality improved when Toyota and Honda built plants here.

[@amandagrant4331]

Trade protection will only make American manufacturers lazier and fatter.

[@coachtaewherbalife8817]

Before Japan entered the US market, American car companies designed cars to have major maintenance after warranties ended at 3 years. Search for planned obsolescence for details.

[@robvannNS]

@@coachtaewherbalife8817 Yup, I could never figure out why fuel pumps lasted only 30 thousand miles or alternators at about 50..

[@danielong4996]

lol, isn't Biden is accusing China of Over capacity & national security" how come that US permitted Elon Musk Tesla to manufacture car in China while closing Tesla plant in Texas and Apple Iphones too. ? Why not order Tesla n Apple to close their plant and back to US . Instead closing Texas plant of Tesla causing thousands of job loses, and unemployment?

[@toyotaprius79]

And now Honda and Toyota have languished themselves into complacency, arrogance and near irrelevance, ever dependant on crossover SUVs that fetch the highest profit margins Screams like an impending economic collapse

[@rodmotor]

100% tariff is obscene. You will own nothing and be happy..

[@richardhamilton-gibbs6360]

Americans pay the tariffs. This law destroys US competitiveness.

[@cosmoray9750]

The US government want their citizens to pay more !

[@ty-ger4300]

That what happen when gangsters running the country

[@kitatit]

China put 200% tariffs on Australian wine because we asked, how COVID started. Australia gave up on making cars so now we place no tariffs on any cars. Australians are buying Chinese cars like lemmings because they are “cheap”. I’ll only buy them if they are scrap metal prices.

[@fatdoi003]

a senator said in his state the farmers produced 1/3 more than they can consume locally and export the rest..... well is that over capacity?

[@AntonStampfl]

I think it is very impressive how the two Richard’s are able to bounce ideas off one another and distil a lot of very interesting ideas and concepts. It looks easy for them but surely it is a real skill/art to pull off. I do feel however, that China is totally underestimated by many in the West. As Richard W. has pointed out elsewhere, they have been humiliated by the West for several hundred years at least, and I think we, the West, are still thinking that China and the rest of the non-Western world has the lowest standard in all aspects of life. This is far from the truth now. The West, don’t forget, consists of around 14% of the world's population only - 86% of all people live OUTSIDE the West. I have visited China very recently for work, Guangzhou (Canton) and the areas around it, and honestly I think that the Chinese are at least 50 years ahead of the US if not more in ALL aspects of their lives. There is no comparison. From their amazing infrastructure, to their health system, their education system and intellectual activities, their economic system (you know they have digital currency which is miles ahead of where the US is on this), their art and cultural activities. I think that the only thing the US exports is its military know-how. I’m sorry to be so brutal, but it should be said. I’m not sure whether the US will ever recover - it’s infrastructure is practically too far gone, it’s health and education system totally unaffordable for the majority. There is little culture to speak of - concrete, oil, and survival (no other talk except making money, money, money). I think it is a much more dire situation than the two Richard’s make out.

[@resnica3557]

I am from Taiwan, thus I am Chinese. Recommend to you a good channel by a patriotic US citizen who runs a company in China, importing heavy machinery and equipment of various sorts made in China (tractors, street food court vans and so on) to US buyers -- Inside China Business. He is a very modest and well-mannered gentleman. I was extremely surprised to find out that there are still some people in the US that are intelligent and wise, and void of neocon kind of stupidity and belligerence.

[@chuckgoodwish3897]

As a Chinese living in the US for over 40 years, I have been watching closely the development of Sino-US relations during these years, I hate to say that my observation so far has been very negative and frustrating mainly due to the stupidity and ideological orientation of the politicians in the US and their immature and childish approach when dealing with China, who usually is the one behaving like a mature adult. I still have the American dream and I believe it could be achieved sooner if without those incompetent and disastrous politicians.

[@resnica3557]

@@chuckgoodwish3897 ， ㄨㄟˊㄅㄤㄅㄨˊㄖㄨˋ，ㄌㄨㄢˋㄅㄤㄅㄨˋㄐㄩ。

[@Redpoppy80]

@@resnica3557 I wish I didn't have to say this but that businessman you know is in the minority here in the USA. The fact that he does frequent business in China tells me that he is well traveled and able to reach his own at least somewhat informed conclusions. Most of us here don't have the time or mental flexibility to challenge all of the propaganda we are force fed here our whole lives. It took me at least 25 years and I am still a work in progress.

[@putianren]

Quoted by you: "honestly I think that the Chinese are at least 50 years ahead of the US if not more in ALL aspects of their lives. " TOTALLY AGREE WITH YOU !! There is a saying: "If you want to see what a city looks like in the future, go to China and what a city looks like in the past, go to you know where"

[@thomasrogers9146]

WE AMERICANS HAVE BEEN BRAIN WASHED BY OUR MEDIA THAT WE ARE THE BEST AND WE ARE NUMBER 1. WE PAY THE MOST FOR HOUSING,HEALTHCARE EDUCATION,MEDICATION AND THE RESULTS ARE DYSMAL. CHINESE PRODUCTS ARE NOT INFERIOR IN QUALITY, THEY HAVE MASTERED THE ECONOMY OF SCALE. AFFORDABLE DOES NOT MEAN LOW QUALITY

[@capnkirk5528]

Try convincing your fellow Americans of that ... they'll offer you a hefty dose of "freedom".

[@saahan-nn1fe]

I saw on TikTok that many elderly Americans still have to work and pay inheritance tax on their houses even if they are over 60 years old.

[@Redpoppy80]

15:30 But we are the United Corporation of America and everyone knows that when you have a nation ran by corporations, assuring profits for them becomes a matter of national security.

[@sophallvoek7825]

US: if I can’t compete with you, I will stop you from entering my country 😂

[@ranojap5010]

Infact American cars like GM, Ford, chrysler and whole world brands have factories decades ago in China.

[@jacintochua6885]

This was what happened to Huawei. Apple ceell phones enjoyed protections. .

[@0ooTheMAXXoo0]

Researchers found Huawei equipment to contact CCP servers... There are plenty of other phones and electronics made in China that do not get banned... China will blame everything on anti-China sentiments. Even if people get upset that the CCP are kidnapping people in other countries and smuggling them back to China, CCP will claim to be the victim of racism or something like that...

[@uncleshamus3451]

Mass transit is the only answer

[@888YangJi]

it will never happen in America simply because of American urban planning made it impossible

[@AugustusOmega]

Absolutism is ridiculous, just chillax and let van lifers have a place to live

[@knarf_on_a_bike]

And bicycles and walkable neighbourhoods.

[@williamblack4097]

Yes , we need a national interstate train system.

[@Mikexxx531]

@@888YangJi Many of us don't live in or near the urbs! We also need to move our materials, including a full load of shopping every month. I either drive the smallest car just for me, or a truck for when I have full loads. America is too large and sparsely populated in rural areas for any kind of public transit.

[@uncleshamus3451]

What ever happened to free trade 🤷‍♂️

[@ALWH1314]

“Free trade” is British excuse to invade China in 1889 because China banned opium import.

[@brianwheeldon4643]

It never existed

[@0ooTheMAXXoo0]

Trump killed the deals we had that were very favorable to the USA. We got those deals in the 1990s when the USA was a super strong force in the world and Trump just threw that away at a time when USA was much weaker and we got way worse deals... He added 25-30 tariffs on many goods from China. We, would probably have a lot more solar panels in the USA if it were not for the extra 30% added to the cost of the panels... But also, apparently regulations make it tale long and be expensive as well, depending on the locality.

[@TheTruth-dy8ze]

Free trade only exists if the competitors are playing on a level field. If the competitors are subsidized by their government per car then the competition is unfair since it’s a rigged competition. Can’t see why either of these old farts have such a hard time getting their heads around this fact. It looks like all they want is a low price on a poorly constructed cart. Since they are so upset I say let them have one each and see how happy they are saving the planet after a few months. Sounds like biden dementia is spreading.

[@NeoIsrafil]

Yah that...was horseshit from the get-go. The moment corporations had the ability to lobby governments to prevent competition from existing there wasnt gonna BE free trade. Theres only "who has the money to pay for the right to 'compete'". Note... "compete" this ain't competition, it's a party with a door fee, but once you're in, if youre in, youre set.

[@brianliew5901]

While China's EV technology is constantly improving, America is still manufacturing theirs in the caves. 😂😂😂😂

[@tailslapexplore6887]

What do you mean they manufacture in the cave ?? , they live in the cave as well 🤣🤣🤣😂😂😂😂😂

[@NeoIsrafil]

Last I checked theres... several large solar companies that produce stateside. That's one of the very few things weve actually done right.

[@brianliew5901]

@@tailslapexplore6887 Oh my bad, I'd thought they lived in tents. 🤔😢

[@barriewilliams4526]

Take the time to check out EV fires (The CCP try to keep it under wraps) in China. Dig deep enough, and you will not be wanting a Chinese EV.....

[@capnkirk5528]

@@NeoIsrafil Are you thinking of CANADIAN Solar, for example? Hey, us dumb Canucks sold out to ... THE CHINESE.

[@peterpph126]

US never believed in free trade as they’d systematically destroyed their competitors, friends or foes. Examples are Japan’s Toshiba, France’s Alstrom and Canada’s Bombardier.

[@soha7271]

They tried to do it on Huawei but to no avail

[@brendanpells912]

Shielding domestic suppliers from foreign competition leads to out-dated and over-priced products that other countries don't want to buy.

[@rusticbox9908]

shiiiii, never stop the enemy when they are making a mistake.

[@Jeff-sm8of]

Its the same for agricultural machinery. Farmers using Chinese machinery are more c9mpetitive

[@Paul-H-Wolfram6608]

With more tariffs apply on import of Chinese goods, pretty soon those Chinese made agricultural machinery is going to be less competitive in the US as those farmers in the US will have to pay a higher price for those machinery made in US which in term, they have to increase their price on their agricultural products like wheat, corn, barley and so on to the market which means Americans have to pay more for all that.

[@ezg8448]

I know Taiwan makes a lot of tools, and those WILL NOT be affected by the tariffs. They do make good tools at very good prices. With respects to agricultural machines but am curious if they from China or Taiwan because it makes a difference when it comes to tariffs.

[@888YangJi]

China just launched an electric sedan(IM L6) with a 130kwh semi-solid state battery and 600miles real world range. 0-60mph in less than 3 sec and top speed at 308km/h (191ph) Currently tops the chart in the world on Moose test for production vehicles at 90.65km/hr. Of course it also have autonomous driving on par with the latest version of Tesla FSD. and its battery is chemically NON-flamable. all for 35,000usd. Not only Chinese ev tech is superior it is also cheaper, simply because economies of scale and mature supply chains. The EV race is already over, and China has won. Anyone who don't think so is just in denial of reality.

[@MaxBerry-j6d]

I think you meant to say "it's battery is REPLACEABLE", not inflamable.

[@888YangJi]

@@MaxBerry-j6d nope I meant inflammable, because the chemical compound used is fire resistant.

[@MaxBerry-j6d]

@@888YangJi ...Then I think you meant to say that it's "NON-flamable", NOT inflamable. Inflamable describes opposite of what you said.

[@888YangJi]

@@MaxBerry-j6d yes you are right thx

[@xy-aswan]

That's no matter, American EV car makers only can sell their products to their own people in America and amongst their G7 in Canada and EU. America will be completely lost in the global market outside its lapdogs countries because unable to compete. Inflation rates hike and American common people wellbeing are getting screwed.

[@kevinlin4895]

You got it.. but it's actually worse than that. Even traditional US vassals will think twice about imposing the same protectionist policies. Australia for example is a die hard US vassal, but it has no such restrictions on Chinese EVs because it doesn't have an automobile manufacturing industry that it needs to protect. Italy, another US ally, is going further to solicit Chinese EV companies to go and build there. So the US will find itself increasingly isolated and its Big 3..well 2, increasingly uncompetitive in the rest of the world.

[@willdoit222]

competition is fierce in China and consumers benefit from it. There are about 20 Uber like companies in China and call a ride from point A to point B on one of Chinese navigation maps with 20 different car ride service companies showing different costs. 6 miles distance cost about 3 US dollars. Most of cars are EV. Life is much more convenient in China than US ( I have been living in US for 30 years). Delivery services in China ( cities big and small) are 24/7. You can order many many many different things and get them delivered in an hour or less for 3 dollars item. People need to remember, Americans average income is about 5 times more than Chinese, but cost of living in US is much more than that in China in many ways. I had a surgery in Cincinnati, Ohio that cost me over 30k US dollars, and the same surgery in China cost 2k US dollars. When comparing income form different countries, pay attention to the purchasing power.

[@soha7271]

Taxi and Uber like service is so cheap in China, I recently visited Chengdu and I was so pleased and satisfied with the service. Btw their subway fares costs US$0.5

[@wong3150]

Richard Wolff speaks about reality, truth and no bullshit. l respect and admire him greatly. KZbin needs more people like him.

[@ongsengkee2530]

Why are american people meekly and quietly accepting a government that provides no cheaper and better quality imported products but forcing them to pay double or triple the price ? Something is wrong.

[@glendavisl-p3w]

Just don't play the game.

[@DJBremen]

The chinese ev makers wont be hurt by this at all, but the US consumer surely will.

[@jokermp1150]

living in canada I can't afford anything build here so I can't buy a car made in china so I ride the bus to work

[@Rickristian]

BYD would be best solution for the entire world. Best ev and less than half the price of a tesla. I think having 30 million BYDs on the road worldwide will automatically reduce global emissions rapidly. Bring these cars in, duty free but also tax free.

[@xvbd6067]

Irrelevant, China already saw this coming and already scrapped plans to sell in the US anyway

[@EricTaoTheDoc]

What happened to “land of the free home of the brave”? What happened to free trade? What happened to capitalism we are so proud of?

[@putianren]

Quoted by you: "What happened to “land of the free home of the brave”? " It was never the land of the free but only of the free to Kill the Native Indians. Land of the brave ?? haha Brave only to kill all others when only in a mob or in a proxy war !!!

[@henkjan673]

The profits are going to the wrong people, thats not allowed to happen, so action needs to be taken to make sure the money is made by the right people again

[@ericchen4549]

“Free market” at it’s best!

[@vlhc4642]

Car brands are one of those things where once consumers establish a perception, it takes a long time to change When America pre-emptively tariff Chinese cars before any Chinese company even showed interest in exporting, America just declared to the world they know with certainly nobody would buy an American car if they can buy a Chinese car. So not only did the tariff not harm China, its a huge boost to Chinese auto companys' brand image.

[@AliveKicking-um7bn]

I live in the Caribbean. They are selling this car here...for around $22.000!! That's about 100% difference indeed... Lower income, higher prices.

[@capnkirk5528]

Profit. The Chinese are not a charity, and operating in a small country has NO economies of scale.

[@yinyang9109]

It's ashame because US's road infra structures are built mainly for cars this is why effordable EV for American is a must. American regulators are definately loosing their plots.

[@jamysmith7891]

China launched its EV industry with Trains, Trucks and Buses before it expanded into luxury sedans

[@kikolatulipe]

You need to buy a Tesla where Elon wants to take 50 billions for a bonus :-)

[@0ooTheMAXXoo0]

Elon makes $1 a year from Tesla. The 50B pay package is a theoretical number, based on the stock price that fluctuates like crazy. It also seemed impossible for him to meet the criteria to get that "bonus". His bonus is that he gets to buy Tesla shares at an old price. He would pay about $6b to Tesla for those shares. He cannot sell those shares for 5 years. Tesla gets the cash now, is usable no matter what happens to the share price in five years... At east it is a great deal for Tesla! Tesla does not have to pay the most successful CEO that we have ever seen... Instead they will be up $6b in real cash (losses are only theoretical)...

[@bobbyboyderecords]

Best African car on the market

[@nsebast]

Because as an American you have a duty to make the capitalists rich.

[@jeffjones114]

if something becomes so good, it gets tariffs or bans, I buy the stock... because these things must be so good that they will crush any competition, therefore I own BYD and Nvidia

[@jimmielin1141]

Water buffet already do that over 10 years ago and he made billions in BYD stock

[@soha7271]

BYD recently launched a hybrid EV that can drive close to 2400km if in full tank and fully charged, sold for US$12500

[@Truthstelling]

knowing how the dealerships work in US, they will jack up the retails price just below the competition as Richard said.🤣🤣The Americans will pay the price. I guess inflation will never come down

[@soha7271]

Don’t worry, the Fed will move the goalposts and 4% is tolerable

[@barriewilliams4526]

The question should be. Why do I want to burn my house down😂

[@guidocasero1178]

I got to be honest, I am not crazy about electric cars because those batteries are very expensive. But $20,000 for the car and the batteries last 10 years I think it's worth having, a battery car is much cheaper to operate because it doesn't have an internal combustion engine with a whole lot of expensive problems that comes along with the internal combustion engine

[@YongLi-np3wg]

The first batch of pure electric BYD taxi was deployed in Shenzhen in 2011. A lot of them have over 1 million kilometer milage before decommissioned. The battery can still hold up to 85%.

[@一个说话大声的中国人]

Your average Americans are easily talked into disliking electric vehicles， Chinese made or not. However, the American military cannot resist the benefits of electric vehicles. The power is one reason, the heat signature is two, the noise is three, and the cost is four. For example, an electric tank is infrared stealth. After all, the tank's engine is a huge heat source and a target. I am quite sure that the Chinese military will drive electric vehicles. Now, BYD makes cars in Mexico. The Mexican police will soon drive electric cars to chase criminals' multimillion-dollar sports cars. As a result, the drug dealers must also drive electric cars. So, only the old pussies want to drive an internal combustion vehicle.

[@kevinlin4895]

Longevity is another benefit of the Chinese made LFP batteries which can be charged for 5000 cycles or more with little degradation. There's statistically a higher probability your car will rust apart before those batteries stop charging.

[@soha7271]

The latest BYD hybrid EV will suit you perfectly! It will run 2400km with a full tank without worries about charging, price starting from US$12500

[@一个说话大声的中国人]

You got to be honest??? Are you crazy about your life or your family's lives? Key bridge, remember? Waterproof cars save lives, and EVs can be easily waterproof. Some BYD models are waterproof. So, you got to be honest, you are not crazy about your life and your family's lives.

[@GrantFrankBurton]

Greetings from Spain. We already have car sharing in many forms here. In Madrid it's great. If your travelling with more then two people, it's cheaper to get around the city with a e-city car. Just find the closes one to you that is available and , leave it where ever you get out, no special place. Some services and rates that are only for Spanish residents and it's cheaper for students and the elderly. And it's cheaper in many cases to rent or leases a new car over buying one.

[@americanknow8232]

I want to buy a cheap Chinese car. Who cares about American auto industry, like a billionare, Elon Mask

[@zsebi66]

Very interesting discussion. You both mentioned Hungary a couple of times, I live there but worked for US companies for a long time and spent time there a lot, so I might have a little view. I still admire the openness in discussions and democracy you have and as I see both of this countries is going downhill in governmental duties, in many fields like healthcare, education e,tc. Hungary follows the US "suburb" ideas which is a dead end for the society. Mobility is a key issue. Car is not a solution in any kind, and a plain sleeping quarter neighborhood is just not the way how society should develop. It's rather a disintegration, not even starting to discuss the environmental cost of those settlements. We (our companies) educated China technically, my US companies had factories in Shenzen, Zhuhai, e,tc, shutting down manufacturing in Salinas CA, Rochester NY etc. We educated them on how to be good and efficient and they just overgrown us, while we were laughing about the copies of the products they made of our products than doing better ones. China built a 42000km high-speed railway in the past 15 years, Europe barely has 11000, US has 80km ! of high-speed railway. The leap that China did in the past 20 years is mind-boggling, and we are just awakening that it's too late...

[@coachtaewherbalife8817]

Short term protectionism is OK. It gives an industry time to catch up to foreign competition. The problem is companies want the protectionism to continue.

[@jimmielin1141]

That’s when industries are in their infancy and the American industries are certainly not in their infancy anymore .

[@coachtaewherbalife8817]

@@jimmielin1141 American electric cars aren't competitive with Chinese cars. Labor costs are only one part.

[@kevinlin4895]

​@@coachtaewherbalife8817true.. but not sure if time necessarily helps with that

[@usmankhalid9438]

Then put 100% on toyota honda Hyundai and Kia too. Why only racist and delusional against China 🇨🇳. Tesla selling its car in china 🇨🇳. China 🇨🇳dont have any problem with them.

[@jimmielin1141]

Have ever heard of “catfish effect”?

[@Mikexxx531]

@@jimmielin1141 No.

[@Seven.Heavenly.Sins.666]

Whatever happened to the "Invisible Hand," "Economy of Scale," "Demand and Supply Curve," "Specialization,"?????

[@Mikexxx531]

The invisible hand is chopped off by mercantilism, aka crony capitalism, aka government and select companies making deals in restraint of free trade.

[@capnkirk5528]

Oh it works. You just need to understand the timelines for it, which in THIS case are about 50 years. Come back in 50 years and see who's left standing (or in the case of Florida WADING) and why. Of course probably YOU AND I will be dead so ...

[@soha7271]

That’s old school, we all now have to learn Bidenomics

[@heroldmutebi8200]

"NATIONAL INSECURITY" Is at an all time high. 😂

[@ViceCoin]

EVs and renewables are bad for petrodollar.

[@blakespower]

the USA has a tariff on Trucks and Pick up trucks from other countries. but look how Manufacturers have responded they raise the prices to astronomical levels, and while japanese brands are expensive too they are far cheaper than the american brands, why do Pick up Trucks need tariffs THEY DONT

[@charltonbulgin4822]

US can produce a sub $ 20,000 electric car, but that not where the money is.

[@kevinlin4895]

Doubtful.. the biggest cost in an EV is the battery and most US battery tech is dependent on Nickel which are way more expensive than the LFP used in Chinese EVs, and 90% of those are made in China which the US has now blocked. US vassals like Japan and SK are way behind the Chinese in LFP manufacturing. Until such times when the US can manufacture or source LFP batteries cost effectively. They will not be able to reach that level of cost in their EVs

[@vlhc4642]

Considering the quality of $100k Cybertruck, do you really want to think about what kind of quality an American $20k EV would have?

[@PhilipWong55]

When the US buyer imports goods subject to tariffs from China, they pay the tariff to the US government. This cost and any markup are typically passed on to the end consumer, meaning consumers ultimately bear the burden of tariffs through higher prices. The Chinese seller, however, does not directly pay the tariff; the importer in the US bears that responsibility. China does not suffer the consequences of tariffs. The US consumers are being punished by having to pay higher prices. In 2012, President Obama, as part of his plan to double the U.S. share of the world's solar panels from 5% to 10%, imposed tariffs of up to 249% on solar imports from China. In response, China retaliated by imposing import restrictions on polysilicon from the U.S. At the time, the U.S. held a 50% share of the global polysilicon market, which has since dropped to under 4%. The U.S. share of the world's solar panels has dropped to under 2%. China has promised to retaliate as strongly in response to new tariffs.

[@Jeff-sm8of]

Regarding cars, i hope to see full self driving evs. Llse Use phone call a car. The car comes to me to pickup. Dont have to take public transport to a garage.

[@futo]

4:13 ummm, they're not in Canada, because our government (regardless who's in power) is afraid to offend the US. Yet, the UK and Australia already have different Chinese auto brand on their road, especially Australia because these EVs are selling decently. So...the only way to bypass this would be if BYD and others open up their plants in Mexico.

[@dssn5526]

They're already in Mexico!!! Will United States of Sanctions and Canada respect NAFTA?

[@soha7271]

BYD is more than happy to setup its plants in the US, creating jobs for the locals, but they need assurance from your Government that they won’t be screwed

[@menudobucket9837]

The problem with public transportation is the complete lack of convenience. A lot of people (especially the elderly) who are, in one way or another, disabled don’t live near a bus stop and can’t afford to move.

[@nickgsj]

You two are absolutely correct, Americans should be able to drive cheap Chinese cars, let's close down your BIG THREE auto manufacturers and replace them with Chinese ones, average americans will save a lot of money. In fact, we can also bring some low pay Chinese to do your day jobs.

[@merrick6484]

In 10 years time, US will be the only country with least EV on the road, and not reducing their Carbon emession. Hence, its time for US to Carbon Tax to rest of the world. 😁

[@HarleyBoyd-oc3dm]

These tariffs are protecting stock profits bonuses paid to already over paid CEOs & board members who do nothing other than golf with politicians. BMI is the most important first step to save American industry.

[@grb1969]

Simultaneously, the Federal Government is restricting PEV (personal electric vehicles) to extremely low power… to deter the expansion of PEVs, which is impeding companies like Uber and Lyft whom are privatizing the bike/scooter ridesharing market.

[@williamblack4097]

He's right , it is over.

[@ristekostadinov2820]

The thing with tariffs is they're useful if you want to build industry, but if your domestic automakers rely on foreign companies and you slap their country with tariffs you're screwing up your automakers too. Refining of lithium/cobalt/graphite etc is mostly done in China, and the batteries are mostly produced there. It is honestly amazing how China kickstarted their EV industry with 40 billion $ which for size of an economy like China is a bargain. They obviously have policies that incentivize people to drive EV (it is very hard to register ICE car in big cities, creating demand for low polluting vehicles).

[@Owl350]

An important thing is making your own electricity with alternative energy of different kinds.

[@dianelipartito6654]

This is a little too, "You will own nothing and be happy," for my taste. Kind of like, over inflate the price of everything and make people lease or rent to get to work, go shopping or just spontaneously go for a drive. Also, one reason people have their own bicycles is because one size does not fit all. Hard to imagine Americans will go for it. I will take the Chinese EV over being forced to take public transportation everywhere (though it's nice to have the option in certain situations). If I lived in a large city, that would be a different story, but I would hate living in a large city.

[@whensonzhou4174]

You also don't want car ownership as the only viable option, creating traffic is another way of reducing freemdom and the benefit of ownership for everyone. Gonna have more fair options, public transport in big city is a start, and don't believe the fear mongering that public transport will outright your ownership of car, it rarely does, unless you are in a super crowded city like Beijing. Oh, and in smaller city and rural area in China, ownership of car ia really common place.

[@dianelipartito6654]

​@@whensonzhou4174 I figured car ownership in China has become more common. Americans are used to having that independence and the only reason to not have it, now, is extreme cost due to price gouging or taxes, which is not a good reason, but this seems to be what he is saying, that people will not be able to afford cars here and will have to get used to it. I will not get used to it. I am one of the people who will have a hard time affording a car if used car prices don't come down and I certainly won't be able to afford an electric one, so it worries me. I'm partial to Hondas, myself.

[@dianelipartito6654]

​@choosewisely4722 Very interesting. Thank you for all the thought you put into your reply. I almost always had sticks, but started with automatics. My parents always had automatics so I learned on those and when I was a student I drove their cast offs. Couldn't wait until I could get a manual. I started with a little red Geo hatch, one year old, great deal. Sold it way too soon. The only car I ever bought new was in '95. A little red Civic with the split hatch (No air conditioning to save money, lol--which I could never tolerate today.) Loved that car. Drove it until the body rusted out. Then I had a used '97 Civic, bright yellow, which someone painted. Rusted too, but I was able to sell it to a young guy who wanted to fix the body. After that I found good cars that happened to be automatics--A '95 Toyota Corolla. The only car that rusted so completely I had to bring it to a salvage yard. The engine was still perfect. Then briefly I had a Honda Accord 10th Anniv edition. Came from Cali, so no rust at all and I sold it to an ecstatic young man from NYC who had been looking for an un-rusted one for year. Now I have a 2007 Toyota Camry that was my mom's who no longer drives (back to the parent car, lol.) Not what I would have picked, but it is a good car and fancier than I have ever owned and only had 60,000 mi on at the time. But, it won't last forever. Not sure what I will do after this. I am a musician and sometimes have to drive between states late at night with my instrument and equipment. I also do some housecleaning --also a decent amount of driving with equipment. Don't have a lot of money, especially now, so I have been concerned about how I will manage. Not sure how I feel about EV's. I am not that into all the technology in general and it seems to make repairs a lot more costly. Of course, the world obviously can't handle all the emissions either. I guess I am like the people on the forums you check in with, betwixt and between and worried options may be disappearing.

[@dianelipartito6654]

@choosewisely4722 Btw. forgot to say, I was going to originally write in my comment, that there will be a rebellion in the U.S. if people can't own their own cars. Not everyone will care, but many many will. Also, LOVE the Honda Coupe. You must really enjoy driving that. I see them around all the time and always admire them.

[@dianelipartito6654]

@choosewisely4722 Yes, please keep the Coup and drive happy for many years to come. ☺

[@uncleshamus3451]

Unless of course you make edible roads😜👻✌️

[@benjerome4405]

These tariffs are going to make our transition to evs much more difficult. I was hoping for some cheap Chinese evs since the price now in the US is ridiculous .

[@LyricsQuest]

Welcome to the land of "Charge what the market will bear" economics. Use tariffs when it helps achieve that.

[@jaaklucas1329]

The Chinese have been leading the way in anything electric for a long time. They make good stuff and affordable. Consumers lose here and like you pointed out, so much for the EV transition here.

[@sltung6130]

US is just Tonya Harding

[@tompell3032]

because the Union won't allow you.

[@michaeldawson6309]

Plain and simple oil industry and the legacy auto industry wants to slow the EV transition. Its about money and those with influence on the gov. Here's an idea. Why doesn't Tesla build their low cost model in the US and sell for under 30K this will solve the problem.

[@ladygracienyc2029]

The American consumer is expected to subsidize the US auto industry by about $25K per car. In return I get an inferior car and $25K less money that I could have spent somewhere else. That's the inflation picture for you

[@clintonfong1958]

You have to pay Uncle Sam first. He is running short of money.

[@uncleshamus3451]

Thank you jr for your passion ✌️❤️

[@ericliume]

EU and US don't want their citizens to be able to buy any good product by paying less.

[@martalli]

The 100% tariff immediately make s me think that Ford, GM, and even Tesla will be protected as long as they are charging us just less than twice what the cars are worse. Meanwhile, they will become progressively unable to export American cars. Why can't we just do that same thing China did when our companies came there - allow them to build factories here as long as the cars are made here and factories are 51/49 percent locally owned? Just like with Western automaker skills slowly being absorbed by local technicians, we will have jobs and the knowledge will slowly cement itself here.

[@lynnwandering581]

BYD launched a new hybrid model, 2100km range with full battery and full tank，under 100000CNY, 14000USD.🎉

[@laydownlays]

You are no longer , in the UK, allowed to advertise EVs as clean, because of the dirt produced making the electricity.

[@metricstormtrooper]

Yeah, where's your proof, where I live EVs are totally clean as we only have hydro, solar and wind energy.

[@BureaucracyWorld]

China has Asia, Africa, and Latin America markets. These are large markets. BYD doesn't need to sell in the N.America market.

[@kdlange6052]

In the Philippines its double the price also

[@valerigeorgiev5615]

Poor, poor US! Mistake after mistake!

[@PointduNord]

Prof Wolf, thank you for revealing the truth

[@christophermarshall527]

If you are able go and live where they sell cheap cars, tarrifs are the opposite of freedom of choice. I can't see it ending well, disengaging from progress & innovation has rarely done any country any good

[@OddRagnarDengLerstl]

This of course doesn't happen in a vacuum. So China now is selling US treasury bonds. Making it more difficult to sell more, so sell the interest rate must be higher. Causing more inflation. So instead of cheap EVs, everything gets more expensive.

[@polycadence8482]

American Exceptionalism, Joe Biden's hyperinflation. So how's American companies compete in EV with S.Korean, Japanese, or European EVs then? Little or No tariffs on them.

[@williamcox1176]

I don't know about the USA but here in the UK, Chinese cars have very little import duty, yet a $12,000 Chinese car sells for about $36,000. Many are more expensive than Tesla's, and nobody is buying them, they are piling up at docks and storage area's all over Europe, who on earth would buy a car off an unknown manufacturer that could be gone a few months after purchase.

[@Sacto1654]

I'm not buying a Chinese EV, given the numerous reports of reliability issues from that country. In fact, BYD EV's are piling up in European ports for this very reason. This is why I have concerns about BYD Dolphin Mini EV's exported to South America, because if reliability issues crop up there, that could be a huge issue.

[@Paul-H-Wolfram6608]

Why can't you buy a super cheap Chinese electric car ? Well, your government doesn't want you to and you can still buy a Chinese electric car but you have to pay double the price for it because your government set a 100% tariff on import of Chinese EVs. Which means for example, for the same Chinese brand and model EV, other country are paying $20k a unit to the Chinese car maker but you have to pay $40K for the same car ($20k goes to the Chinese car maker, $20k goes to your government) that's how tariff works. Americans are screwed. 😁 😆 🤣

[@eish3291]

Car maker does not get full 20 k ,what about dealer profit margin.

[@JeanBinette-r9z]

if us worried about market why does not us just keep up in ev price like any competition market would do that way any person would gain from it.

[@inkysteve]

If they don't put tariffs on Chinese goods how are they going to afford the weapons to point at them?

[@soha7271]

Unfortunately they’re pointing their guns to their own heads

[@nimitaszia2674]

Tariffs = more taxes,... be good

[@carycunningham9510]

But isn't any company that pays Americans well going to be at a "competitive" disadvantage? A robust and comparatively superior middle class is never competitive in international trade, now is it? The CCP has no problem with their labor force being very "competitive," so what to do?

[@garrycompton7214]

You need the 100% tax - Gone - just to help pay for the charging bill the electric company is going to charge you.

[@jaaklucas1329]

Compared to fueling a gas car?

[@thomasrogers9146]

THE MESSAGE WE ARE SPENDING THE GLOBAL COMMUNITY IS AMERICANS BELIEVE THEY ARE ENTITLED TO OTHER NATIONS MARKETS. TESLA BOEING APPLE AND MANY MORE AMERICAN COMPANIES ARE OPERATING IN CHINA. CHINA HAS BEEN VERY GENEROUS TO AMERICAN BRANDS IN CHINA. THE PATIENCE OF THE CHINESE PEOPLE IS WEARING THIN AND AMERICAN COMPANIES OPERATING IN CHINA ARE GOING TO BE LOSING BILLIONS FROM THE LOSS OF THE CHINESE MARKET.

[@yeska62]

The U$$A: 😂😅😂😅😂😅

[@NeoIsrafil]

Im not fool enough to think that the electric cars made in china are a "better car" at a lower price. They ARE a cheaper car fof 100% certainty, but i can give you about 90% confidence that the chinese cars ARE at least slightly inferior in quality. Does it make up for the cost? No...hell no, god no, big effing no, BUT its absolutely intellectually dishonest to claim their vehicles are BETTER by any quality related metric. Ive yet to see a single thing that they win in on average, whether were talking economics of energy usage, raw power, comfort(subjective but if youve seen the inside of these chinese cars they arent great, theyll do) or safety and crash testing. They arent better, but they ARE something that people like me, disabled people who can barely afford to live, could maybe get and drive... and even worse. If i got ahold of solar panels suddenly id be "driving on sunshine... whoooooa" and oil and electric companies dont feel good about it because they dont get the few dollars i do have.

[@raypoon991]

Buy one in Mexico, then drive it across the border

[@davidlloyd1526]

It's called Socialism. And the US is the biggest practitioner :)

[@suichingyuen2100]

Tariffs mean no improvement in working environment and things will remain the same in America; and, prices will go up for Americans. China retaliates by not buying stuff from USA and get stuff from Brazil, Peru, etc...Even made in China Teslas are not being bought by the Chinese so Musk is in Beijing asking for help.

[@Polit_Burro]

FUSA. I am trapped here and a prisoner/"citizen"/subject of the regime in Washington.

[@yliang1688]

🤩🤩🤩🤩🤩Of course you can, BUT, you need to pay 100% import taxes to US.

[@flow963]

Isn’t the reason we have airports so everyone doesn’t need to own a jet?

[@TRAVELYIP]

No, you can’t! Cuz you can’t!

[@MrDXRamirez]

I would not be going through a dealer to buy an EV if I buy Chinese electric vehicle because if I do buy direct from the factory in China, this action cuts out the middleman and the car dealers, a social class of car merchants selling American manufactured vehicles in the US, lose business. Union workers working for American car manufacturers would hate me if they saw me driving a Chinese EV. So, because carmakers and union workers do not want to lose what they have I have to buy a more expensive EV car and one that is not as good as the Chinese EV car. And,-- because I want to save myself the expense of additional $7,000 for a “protected” American EV some asshole American will criticize me for buying a cheaper and better foreign car makes me out to be “Un-American”, when that person really means I am anti-Union and un-patriotic, to which I say, yes, that’s right. Protected American products are not worthy of my money even if they were koshered by a Rabbi or made by the Pope! I honor goods that follow a principal where a man or woman or other nation are not duped or coerced to give more gold in exchange for a thing of lesser value b’cause dollars are backed by commodities in America and cannot compete on its own merit without government help and interference. Anyone who votes for people who campaign on “drill baby drill” are destroying the shrimp farming industry on the Gulf Coast of the US and are voting for politicians in Europe to raise the price of heat (natural gas shipped from Louisiana to Germany) for average Europeans to freeze during winter. Anyone voting for people promising protected American EV vehicles are destroying the buying power of the American consumer. They vote out of ignorance on how capitalism works.