Will China’s EV Dominance Slow Down After 100% Tariffs?

Patrick Bet- David explains why President Biden recently put a 100% tariff on Electric Vehicles made in China and how this could be the beginning of a new Cold War between China and the United States.
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Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller “Your Next Five Moves” (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.

[@seanlee3863]

Nah, no Chinese evs are being exported to the US currently and raising tariff at best will remain the status quo. Chinese EVs will continue to dominate the world while the US's domestic car prices will rise naturally due to no real competition. So in the end Americans will just end up paying more for less and become less competitive globally

[@ivanronin8209]

Yes but China is Subsidizing their EV big time ! BDY Specially big time Subsidizing by the CCP ! Not fair . China never plays fair !

[@skeletalremains3860]

The problem is that China's ev's aren't all their cracked up to be. They are catching on fire all over the place. There are some videos leaked, but they are hard to find. I'll provide the channel name they delete my links.

[@antihypocrisy8978]

FJB!

[@amandagrant4331]

As the largest oil importer, China is determined to develop electric vehicles. Even if the western countries stop promoting electric vehicles, China will continue. Besides environmental protection, China also wants to change its energy structure. In addition, many countries in the world are short of oil, and there is also a demand for electric vehicles. I just saw a news that the share of electric vehicles in new cars sold in Nepal has reached 60%.

[@Booz2020]

Make TOYOTA 🗾 Great Again 😎 Scotty Kilmer

[@peterg0]

When american cars,iphones,cpu,hi-tech products,movies etc etc were sold everywhere all over the world,we ddin't say a word of overcapacity or national security...Instead when products from another country can challenge their hegemony,they blablabla overcapacity or national security immediately!!!

[@dann5515]

well said. western and euro are bias as usual. they like controlling people. Their dna never change. They enjoyed colonising other countries and make themself rich and be their godlike worship.

[@tooltalk]

China assembles/packages iPhones -- over 90% of all key components in it comes from outer China.

[@IzwiDan]

Hypocrisy at it's best

[@yaphonghor4409]

Exactly!!!!

[@mitten181]

Yeah except America didn’t subsidize those industries allowing them to price themselves at a loss. Vs China subsidizes companies for the sole purpose of operating at a loss so they can undercut competition.

[@rocketman.the3rd5]

It's not a tariff on china it's a tariff on the people

[@SilverBackELTorro]

Word.

[@ftu2021]

its on china as well, less jobs means less labors needed so it will reduce the amount of employees. but im sure china could help finding jobs for the unfortunates. not likely since china is known for having a disastrous welfare.

[@_seola_]

@@ftu2021 USA is NOT the WORLD! China is making AFFORDABLE cars which is for everyone. If your country doesn't want cheap / good quality cars well, good for your. No wonder your elected officials r a bunch of clowns!

[@lollymanna]

@@ftu2021 It,s not a tariff on China because china barely exports any cars to the US.

[@ftu2021]

@@lollymanna its not just cars dude.

[@peterlim8416]

I heard someone said, they willing to pay the 100% tariff for the 5th generation of BYD hybrid car, it can travel 2000km+ on full tank & fully charged

[@guenthermichaels5303]

Berskshire Hathaway bought 225 million shares of BYD in 2008 for $230 million. That investment is worth $6.5 Billion today. Charlie Munger called the founder and ceo Wang Chuangfu a combination of Thomas Edison and Jack Welch.

[@Gman99823]

Yep they got out just in time. Now stock is doing nothing. Smart US business man!

[@definitelyno601]

​@@Gman99823 look, another China hater here 😂

[@Gman99823]

@@definitelyno601 not really. I love China and have lived all over the country. I’m not a fan of dictator Xi and his anti western politics.

[@timc9893]

​@definitelyno601 Look! Another fool that doesn't realize China's threat to society worldwide, Not to mention the fact that their evs are prone to catch fire and explode without warning.

[@Booz2020]

Make TOYOTA Great Again 😎 Scotty Kilmer

[@jimkuan8493]

The problem is that Chinese EV car selling at $10K has similar quality to US or EU EV cars selling at %35K. That is the real trouble. They are not selling CHEAP AND LOW QUALITFY PRODUCTS. They are selling products with high quality and price ratio. And they can do that FOREVER and still have a profit. They are NOT dumping the market. They simply can do it better and with much higher efficiency. That is why Yellen cannot use the word "market dumping" but "overcapacity".

[@JustSomeGoy]

50 cent army.

[@dagelichb]

说的非常有道理， 持反对观点的人无法反驳，只能给你贴标签：“50 cent army”

[@JustSomeGoy]

@@dagelichb so BYD cars don't explode? Or are you working for the CCP?

[@JustSomeGoy]

@@dagelichb so BYD cars don't explode and/or electrocute the drivers?

[@dagelichb]

​@@JustSomeGoy 你说的都对。

[@ronn1977]

When you can't beat them, you ban them!

[@jindobui26]

For real lol like how china banned google, facebook, youtube, instagram..etc so i don’t see why wouldn’t US do the same 👀

[@sammy-gd7hw]

We could beat China at just Bout anything. But unfortunatly we are to busy trying to figure out what gender we are. Top priority.

[@yaphonghor4409]

US is throwing freedom or free trade out of its window when it cannot compete at all!!!

[@pamokarl1220]

and its open market..😂

[@user-Michoacan]

Hypocrisy

[@davidT.C]

Well, Chinese companies are outside the American market anyway. The tariffs are just for show. All I see are tariffs that affect the consumer, not China.

[@Liboch]

I have been waiting for an affordable EV. 10k is just nice.

[@privacyhelp]

Tariffs are actually hidden extra taxes.

[@omarjdiaz]

We are like the frog in boiling water. If you travel anywhere outside of US, Chinese vehicles are everywhere but North America. We need to do something to gain market share with American Products, not spend our time and money making sure everyone else doesn’t come here. If we build and sell it competitively, we will buy it.

[@acatrica4074]

@@Liboch never buy crap

[@Arthagnou]

so you are implying they will never be on our shores?

[@danielbeaucunningham]

Chinese cars are taking over here in Australia so quickly. Nobody can match the features for the price

[@heroldmutebi8200]

Same here in South Africa. I own one and I love it.

[@dragonjpt1195]

Even in Nepal, I am driving one

[@Zaak249]

Even in Morocco i am driving one, cant beat them on how much car you get for they money !!! love it

[@merrick6484]

US is trying hard to protect their little market. China is trying hard to expand into World Market. 😁

[@montezking5604]

The real reason it's because they so cheap and good no one would need their gas any more,it's the people behind the oil that's really scared.

[@henrylicious]

Not really. We don't have enough electric capacity to have much more electric cars.

[@montezking5604]

@@henrylicious Build it but who interest that wouldn't be in?

[@petermontgomery8707]

Electric breaks the petrodollar

[@kevingil5049]

The Chinese do not have to depend on the US or EU to sell automobiles. Latin American is over a half of billion people in population. Africa is 1.2 billion people. These low cost EVs will be in high demand in Latin America and Africa and will be more cost effective for their economies. I went to Panama City recently and all they drive there is Suzuki which is Japanese. I went into different malls and all they sold was xiaomi and huawei. Their store’s look like the Apple Store. So the Chinese do not need the US or EU. They can tariff all they want but that’ll hurt the US more. Musk will need to find another way to lower EV prices and start selling abroad.

[@norme1850]

They can't even sell their EV's in China. Look at all the EV graveyards over there. 6 BYD dealerships burned down because of vehicle fires in their showrooms.

[@PlayShorts3]

Forget about Africa for now, maybe in a decade or so. EVs in Africa will probably be a very small % because there's no infrastructure for EV vehicles. They need to build the electric power plants first, and then things will change. Right now, there are a lot of power cuts, especially in the Southern region. From Zambia, all the way to South Africa. North of Zambia, pretty much not ready for EVs. In Sab Saharan Africa, only 1 in 5 people has access to electricity, so having an EV no matter how cheap it will be will just be a waste of money. So Africa will have to move fast to create new power plants.

[@skeletalremains3860]

Everyone seems to be ignoring the amount of rare earth minerals required for them to run. They're called "rare earth" for a reason. I wonder if that has anything to do with the number of their cars that are catching fire and destroying structures all over the place? Or if it is truly just a quality control issue?

[@timc9893]

I wonder if South Americans know exactly how unsafe the Chinese evs actually are?

[@timc9893]

​@@skeletalremains3860BINGO

[@yeejlilys9742]

Without competition, EVs made in US will be expensive with outdated technology and eventually disappear by itself.

[@tooltalk]

China doesn't believe in competition or market.

[@TrudeauhugspandasnotMicheals]

Who’s products would the Chinese photocopy then? The CCP don’t innovate or invent

[@JohnDoe-vu5hy]

As a consumer, i don't care about ANY company... let capitalism do its job... if we're going to try to save x or y company who's paying? The middle class

[@JohnDoe-vu5hy]

-Car companies: pls care about us we can't handle competition -Me a consumer: 🤔 i have to care about you staying rich and not me trying to save a buck? In this economy?

[@robertantoniu2726]

Capitalism is only allowed in USA if is American owned otherwise you can forget about it

[@smoothoperator1083]

​@@JohnDoe-vu5hyCan't agree with you more. Unfortunately we have politicians and figures that haven't been elected that are pushing this.

[@_matis_]

Exactly, finally someone gets it. Except for the middle class...Almost everyone has to pay for it, not just middle class

[@JuanTabares]

You do realize cars made in China are heavily subsidized to essentially bankrupt the local car manufacturers. Eventually they will eventually rise the prices once they asserted their dominance position. You are arguing for a short-term reprieve for your personal finance, while all the manufacturing jobs and IP are shipped to a country like China or India.

[@YoungMoneyFuture]

As much as I don't like China's communism, China is pretty impressive in manufacturing. But America has become a giant monopoly. 100% tariffs is immature and a sign of fear in my opinion

[@OmarOsman98]

Yeah they should let BYD set up factories here. Let them hire Americans and force the other car companies to compete in product value.

[@hariprasad9037]

How many years you lived in China so that you came to know about China's communism? Or this is just knowledge gained from CNN, BBC, MSN etc! I don't know about China's communism, that is why eager to know from you.

[@fatdoi003]

china is more open market than u.s... they have mcdonald's, kfc, pizza hut, coke, pepsi, starbucks, tesla, GM, Ford, Jeep, costco and all the western clothing brands.... so what chinese brands are in u.s??

[@Liboch]

@@fatdoi003 China doesn't have to retaliate symmetrically. They can impose 100% tariff on McD, KFC, Starbucks, Pepsi, Coke, etc.

[@fatdoi003]

@@Liboch they can but have they?

[@WilliamsTyler5]

Every week I buy more bitcoin because i believe it would surge after the halving, but could Gold be the safest buys other than BTC & APPL in terms of growth with $150,000 to outperform the market this year?

[@BradPaisley56]

Made my first large buy of bitcoin in 2022 and have literally been buying quarterly since then. This is why one must consult a true market expert before making decisions.

[@fawnriverpuppyservices76]

I do agree, Investing has gotten difficult especially after pandemic, hence why I decided to use the expertise of an advisor, my spouse kicked against the idea initially, but oh well guess who's best buddies with our advisor now hehehe.

[@BINDERANDREAULRIKE]

Hello thanks for replying, I'm curious to give this a try. Please who is your advisor and how do I get in touch?

[@fawnriverpuppyservices76]

The popular lady Melissa Jean Talingdan comes to mind. You'd find her basic info. on the web to set up appointment as she offers free consultations.

[@BINDERANDREAULRIKE]

Thank you for sharing, I must say, Melissa appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call.

[@conradrice9981]

Its funny how everything we buy is from China but they draw the line at cars

[@daMillenialTrucker]

you aint lyin looool these boomers man i swear

[@cosmoray9750]

Dominate what ? There hasn't even been one car made from China in the US and already tariffs is slapped on it. GM and Ford had been selling cars in China for two decades and you don't see China slapping tariffs and both had made record profits.

[@SlackersIndustry]

USA ain't no big deal, china's been selling their cars all over the world

[@hubreydavid7864]

There's another 3 billion people out there in the world, so it won't bother China, I think if they don't sell cars to America. You never cut your nose off to spite your face, we need to compete and make products that the average customer can afford in the world, not just the rich people they can buy Rolls Royce cars.

[@superfly19751]

US playing bully as usual. They will find out the hard way this time around. In the end, the customers dictate the market, not the government. They should have embraced the EV change instead of continued to stick with the old ICE technology. Now the writing is on the wall, and they are way behind. If it wasn’t for Tesla, US auto would have no future. I’m a Trump supporter but he could not be more wrong about EV. Well, a good part of it is bc Trump is backed heavily by big oils. So there is that…..

[@xpeng9336]

Does anyone notice what MPG is for the new BYD QinL and what the range for a full tank of gas can do? 81.1 miles per gallon and 1,300 miles to a tank. You know what? You can buy it at as low as US$14k.

[@stevensteven3425]

UBS (Swiss bank) broke down BYD ev-chain and made a very good report, why BYD can produce cheap and so fast. Don't forget that the German 3 car manufacturers, VW, MB, BMW, do no want tariffs, because 40% of their sales are in China and 50% of their profits are from China. Bloomberg TV made a very interesting interview with Ferarri CEO. If they are better, then you must do better.

[@privacyhelp]

Imagine if China applied extra tariffs to VW, BMW and Tesla too 😄

[@snoopysnoops007]

@@privacyhelp Most European cars are actually manufactured in China especially the EV versions so just imagine if China cuts that off. China is a manufacturing juggernaut

[@jim-ce5kt]

UBS (Swiss bank) most likely has a financial interest in BYD.... bet on it.

[@jim-ce5kt]

@@privacyhelp Well china does one thing better than tariffs, they STEAL ALL of the IP from these companies. That is worth much more to China.

[@camocas]

@@privacyhelpthey did, hence they open factories in China with local partnerships (Tesla was first without the need for Chinese partner)

[@interiorsretailfacts]

US wants to protect it's domestic market but Americans will be paying a lot more with no serious competition.

[@lobster1002]

We are protecting the jobs in the USA

[@520hong]

@@lobster1002 Yes. Keep people stupid and lazy😄😄

[@jcgw2]

​@@lobster1002 at the cost of anti capitalist anti freedom choices

[@onerainhsia6659]

激烈的竞争需要严格的教育和辛勤的劳动，美国有吗

[@hotshot-te9xw]

​@onerainhsia6659 no we don't

[@thataintit2133]

For 10k i will buy a electric car. Even if its 20k.

[@mike4769]

Look up chinas ev car problems and the videos of them falling apart as they drive in china.

[@buravan1512]

20k gives you a small SUV EV in CHINA. Not just a small simple family car 🚗

[@user-rj2um3yj3s]

​@@mike4769Where U got this nonsen, must be from Lei real talk podcast

[@mike4769]

@@user-rj2um3yj3s kzbin.info/www/bejne/bnnTnHeLjKZ-fK8si=HYV0jCdWbmqsHh8J

[@nomisage]

Look up Tesla's falling apart and their quality control issues. And also look at their price. Made it America? Pffpp

[@Kevface]

Another thing, when Apple dowsized in China 10,s of Thousands of unemployed skilled experienced electronic Techs were scooped up by BYD...

[@dongshengdi773]

Never buy a Chinese EV. 新能源汽车 中国产移动炸弹 每天8辆电动车自燃。 每天8辆车自燃上海浦东收费站被撞烂中国新能 源问题百出 前景堪忧。 根据中国应急管理部门统计的数据显示,2023年第一季 度,新能源汽车发生火灾的频率平均每天约为8辆。 新能源 汽车的自燃力飙升,上涨了32%。

[@NeostormXLMAX]

@@dongshengdi773 cope and seethe bot

[@user-Ranking-of-all-things]

​@@dongshengdi773家里人被烧死了？😊

[@richardkong4387]

@@dongshengdi773 Why, too expensive for you?

[@user-zr3zn5yi7o]

​@@dongshengdi773你的数据来源于哪里？

[@ZhenYae]

The US market is not that big... 😊😊. The barking dogs will bark as the caravans move on. The world cannot have enough of these futuristic, advance and affordable EVs from China. They are all moving on from the US...

[@buravan1512]

US is a 14 million Car Market/ Year. CHINA is a 27 million car Market/Year. ""US is no longer what it used to be 😂""

[@Camus886]

Now BYD just leased a new Model Qin L Which can drive 2000 kilometer just fill One tank oil, The fuel consumption only 2.9 L per 100 kilometer, only cost 15k😢

[@Devildemon74]

2400 km😉

[@thejuice3819]

Even with the tariffs they still produce EV’s cheaper. We lost when we handed our economy over to China in the 90’s for cheap labour. This is the fault of our overlords whom we need to dismount

[@JustSomeGoy]

Chinese EVs are explosive pieces of shit, DO SOME RESEARCH.

[@naptime0143]

It's all about competition tbh cause the US still wants to be labeled as the global leader but it's over

[@wudumontana4673]

@@naptime0143that’s not entirely true. My dad lives in Shanghai and he has a Tesla. The Tesla was assembled in China yes but it’s still an American car. He uses a iPhone which is also an American brand but made in China. The problem is us car brands suck when it comes to ev. All they have is trucks and muscle cars. But their sedan designs are honestly hideous. Gm and ford can build factories in Mexico or Vietnam. But the consumer should have the final say. I’m not against American products. But you have to have some buying points when it comes to a product. Not just becuz it’s made in the USA

[@pindapoy1596]

@thejuice3819 Far too late to change anything. America was stabbed in the back by our own industrialists.

[@zwen3763]

Nah it wasn't that. Globalisation is a win win strategy but the problem is all the extra money you brought it from exploiting cheap labor of another country, went straight to wall street instead of d&d. Automakers like BYD spends a hugh percentage of their income in d&d each year, if Tesla did that shareholders wouldn't like it very much.

[@tondematongo32]

There wasn't any Chinese EVs in the US to begin with...so tarriffs won't stop anything...

[@IamHandsome4u]

So u dont want china to export their cars into US?🤦‍♂️

[@alex0315]

Even with 100% tarriff they will cost 20,000 less than half the cost of Tesla. So the winner will be the US govt siphoning money of their own people lol

[@kazegarasu4704]

@@IamHandsome4u i think you misunderstood his meaning ...

[@IamHandsome4u]

@@kazegarasu4704 then pls elaborate.

[@kazegarasu4704]

@@IamHandsome4u there's Chinese car which is made in Mexico being import into us. So it's basically pointless to sanction China

[@santodejesus3012]

Great you postcard Patrick thanks deeply

[@sigorolo]

BYD uses only LFP batteries which doesn't contain nickel manganese and cobalt...

[@ledzeppelin1212]

I have an LFP battery from CATL in my Tesla. It's awesome!

[@jurgenordenana]

Very insightful

[@privacyhelp]

Tariffs are actually hidden extra taxes.

[@user-dl3ll5cx1l]

Interesting, I never thought of it that way.

[@AlexRicciardelliBK]

It’s just taxes passed onto the American people.

[@MrSobe00]

A tariff is literally a tax levied against imports. How is that hidden?

[@user-hb3gx1zp6m]

@@MrSobe00 因为他最终是由消费者，也就是普通人支付的

[@VOLCAL]

WASNT THIS JUST CALLED CAPITALISM AT ONE POINT???

[@TurtleTortuga29]

Oh boy even if they tarriff it 100 percent it's still way cheaper

[@dannypope1860]

But it’s made in China… and is garbage, like every other product made in China… lol I’ll take a Tesla any day of the year.

[@user-dl3ll5cx1l]

I remember 24 years ago when the Chinese were bringing 70 Brix apple juice concentrate over to the United States for a $1.50 a gallon. This destroyed the US market that was $8.50 per gallon.

[@Belloking1]

These American CEOs paying themselves too much. We really shouldn't protect them. It's not like a rise in profits for American companies means a rise in wages for their workers or stop any future layoffs. Competitions is better for consumer.

[@AA-xs8mv]

And Better

[@curtis-dj5bp]

@@user-dl3ll5cx1l US farm exports do the same to other country's agriculture.

[@jaylinn416]

I hope PBD does more economic and financial segments. This one is very well done! Thank you, PBD.

[@kenanishmael3328]

Yes, recently, I just also did some kind of research about it. There is lots of room to grow. It is better to cooperate with China rather than building barriers in the EV market.

[@kaiserxblue]

Finally !Some common sense! Thank you Lord.

[@Gman99823]

China has made itself enemy of the west. No cooperation any more.

[@chchan1069]

Thanks!

[@puzzledobserver7644]

China has been investing in solar at a 20X rate versus the U.S. for the past 30 years.

[@BettyPollard12]

I kind of interpret many post on here as acknowledging that we're reaching a market peak, in general, which is a well-supported thesis, and so if you've been sitting back chill while the gains roll in because bull market, well, time for traders to stay sharp, many are expecting volatility, probably a sharp downturn, smart traders should check their risk management is in shape, time to pay attention. The timing of his post vs what I know about the market supports that well enough. But yeah, the post could mean anything.....managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Kerrie Farrell, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape....

[@JasonGavino-dj6ze]

As a beginner, it's essential for you to have a mentor to keep you accountable...

[@swayhulio]

I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this..

[@rogercav40]

The fact that i got to learn and earn from her program is everything to me think about it, it's a win win for both ways..

[@RomanLansang]

Access to good information is what we investors needs to progress financially and generally in life. this is a good one and I appreciate..

[@duongtuan-od7kx]

She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing...

[@Morcap]

Here in Europe the best company - no matter where is from - wins. For now Chinese companies are now running everywhere. To put that stupid tariff like US is doing is to say literally "We can't compete with China - or any others -, so we'll change the rules - a.k.a. put tariffs on everything -, so we somehow count on the market.." It is like saying Everyone gets a medal only for participating. Talking about PBD keep saying "America is the greatest country in the world." It used to be a 100 years ago. But today is a pathetic country that can only survive by lying to everyone and - most sad of all -, lying to its own people.

[@GG-im6pq]

The government and corporations go hand & hand.

[@qingshanyipian1936]

Another click bait. EV tariffs when there’s no Chinese ev exported to the U.S. so dumb

[@isabelg1729]

Europe will surely follow. It is , afterall, their cars China copies the most.

[@ledzeppelin1212]

They don't export to US BECAUSE of the tariff.

[@HaraldinChina]

Extremely well done video. Love such monologue high value videos

[@t-raw2rulerz529]

Appreciate you pat thanks for the knowledge

[@stefanconstantinescu1576]

Even with US big tarrifs American auto producers will remain just like Lada was in ex Soviet space, in the past

[@danki2000daniel]

Most Americans just dont want electric vehicles.....not yet anyway.

[@smoothoperator1083]

Not until they reach 1,500-2,000 mile range and have chargers on every other corner 💯

[@christopherjenkins3084]

I’ll be interested when the distance per charge doubles, and if/when we have some form of near field charging. Otherwise it’s just a liability.

[@danki2000daniel]

@@christopherjenkins3084 i would rather have a hybrid

[@CharlesWangLA]

​@smoothoperator1083 most gas cars only have a range of around 450, why does it need to be triple?

[@smoothoperator1083]

@@CharlesWangLA to avoid charging

[@joshuanickle4031]

Thanx PBD 👍🏼

[@genesis6567-]

What company is using the battery swapping as an option?

[@ytht1630]

Nio

[@ColinSushiboy-lz4rg]

I rather buy a cheap China non EV car. The EV craze seems like a gimmick. I know with gas cars you can go across the country not worrying as much as a EV car breaking down

[@orangutan4696]

EV is for city.

[@adicheah5049]

It's Never About Mileage, It's About Saving the Planet, and We have Already Crossed the Tipping Point. Get the Focus Right. Unless You Think All the Soaring Heat and Floods are just Illusions.

[@hbwhzk]

燃油汽车的技术不利于汽车工业的发展，智能化的车机系统很难兼容燃油车

[@ftu2021]

really? theres tons of ICE cars breaking down in the middle of a road.

[@teebone2157]

you are americanized so of course you think EV love is a gimmick lol the world disagrees

[@Yungmansgift215]

Amazing news, update PBD!

[@johnkern640]

China does subsidize the industry. So the prices are artificially low. GM and Ford have a history of helping USA war effort. Protecting the industry is absolutely a national security concern.

[@fangzification]

Well, you need both carrots and sticks for adoption. It's easier to register an EV in China than it is to do so for an ICE vehicle in China, as an example of a stick approach.

[@buravan1512]

TESLA got a boost from the Chinese gov too.

[@zuriyel5368]

American automakers get subsidies from the US government by the billions. So why aren't their prices "artificially low"?

[@Gman99823]

BYD - Burn your Dreams. BYD quality is awful. BYD Seagull gets terrible ratings from Chinese consumers. With no dealer network and fact bd isn’t manufacturing in USA will see parts shortages and more . BYD is overly confident. I’d watch thEm for huge loss soon. Probably a good stock to short.

[@Gman99823]

@@socarsocar601 BYD interiors are very cheap with low quality plastics - Tesla charging network with free charging offered by Tesla is better . BYD have real reliability issues as well. No thanks!

[@G0R4Nn]

No

[@_matis_]

Do it the Austrian way. Cut the tarrifs, both countries will have benefits. If you are not efficient at a job, why should the average Joe pay his money for you to be subsidized?

[@Gman99823]

Australia is china’s Bitc!

[@Squallsgunblade]

Excellent video as always PBD

[@HeyLiem]

Pat, when you show the slide with how much copper goes into a car, even though it's written in metric, please translate it into normal for the USA market. I thought that was an interesting slide, but I do not know what weights we are talking about for copper and the other items. I guess I could write down the numbers and go convert it myself, but I don't have time for that. I'm getting ready to go to work as I watch this and eat breakfast. Keep on rocking in the free world! America first!

[@greenearth9945]

Just an admition that the US sucks at manufacturing. Who would have thought that 40 years of outsourcing manufacturing to China would let them to be experts

[@b_uppy]

Actually the US is quite good at manufacturing. It's that big companies want to move their operations overseas where wages are low, environmental protections are zero, and energy sources are cheap.

[@johnnytran800]

Designing and manufacturing is 2 different things. US have been exploring the entire world outside of China because of whats going on and they CANNOT find anywhere else that has the expertise Chinas no matter how cheap the labor is elsewhere.

[@yankeedrifter81]

With $10k you are lucky to get a good used vehicle under 100k miles with a clean title right now.

[@borisyurinov4822]

Bruh, don't rub in salt😢

[@willyhill7509]

Not only Labour costs are lower but overheads are way lower, also the currencty is way undervalued. Lower costs do not always mean greater efficiency, that can only be compared by fished units per worker per year.

[@Kevface]

Here in Thailand we Pay near 300% Tarrif to import BYD cars... The $10,000 modles cost near $30k here

[@CThienV]

I love your country and have family there. I feel so bad about car prices there. Same as Singapore.

[@kamsunleong6648]

Byd plant should be ready before year end. So no more 300%

[@Kevface]

@@kamsunleong6648 Not gonna lie, That will be sweet, They are worth the risk at 600,000 or so...

[@joespinella7773]

God forbid we get a cost break on anything....

[@keinaanabdi6821]

no you have to drive a 60k truck with 40k salary lol

[@25Patman]

Ev prices are way to high. I expect them to go higher now. I would never buy one, the power grid can't support them good enough. And they will be able to crank up electricity costs easier than gas prices.

[@karenreaves3650]

Excellent point.

[@felixpropertymanagement7342]

Ev prices aren't that high..go price 1

[@25Patman]

@@felixpropertymanagement7342 I do and have, new ones are costly. And used, no one wants one. The risk of needing an expensive battery, is a deal breaker, for most. I just bought a used car less than a month ago. I have done a crap load of research. No way I would buy an EV in todays market. Most manufacturers are going hybrid now. What I said is pretty well known bro.

[@fatdoi003]

here, a similar size EV is same price as a japanese car

[@DW-op7ly]

The $10,000 BYD Seagull EV is scaring the U.S. auto industry China is the world’s largest automotive market, and understandably so, an important one for electric vehicle (EV) makers like Tesla. Although competitive Chinese automaker BYD isn’t yet slated to enter the U.S. market, the company’s recent release of a city EV with a price tag under $10,000 has some worried for when it and other low-cost companies do. BYD launched its Seagull, a small hatchback EV with a price tag starting at 69,800 yuan (~$9,773), at the Shanghai Auto Show last year. While BYD said just last month that it has no plans to enter the U.S. auto market anytime soon, some U.S. automotive groups have expressed concerns over the Seagull EV and other affordable mass-market EVs eventually coming to North America Teslarati

[@jamesdelrogers542]

There is work under way to develop battery tech that uses more common elements , I am assuming most of those metals are for the battery.

[@fangzification]

Lithium still has the best results (so far), but alternatives like sodium are cheaper but heavier. Sodium can be great for energy storage.

[@UncleBobo]

Free trade is the solution to world problems. Stop all tariffs, subsidies, and sanctions.

[@toddtheisen8386]

My wife loves her EV.. When I drive it to work I wish we had bought two of them. Perfect commuter machine for my daily 80 mile trip. Would never set foot in a gas station/convenience ever again.

[@whatcouldgowrong7914]

Thats nice, doesn’t mean it suits anyone else or people want to spend their lives at chargers / deal with potential fire risks

[@toddtheisen8386]

@@whatcouldgowrong7914 Spend their lives at chargers? We plug ours in when we get home. 240 mile range in summer, 180 in winter. Never been to a remote charging station. As for fires, look at ICE statistics. 50,000 ICE cars burn every year and NO ONE cares.

[@seowkhoontan9534]

​@@whatcouldgowrong7914fire risks are cooked up by those China's haters.

[@tooslow8150]

I'm not worried. I think we are a very long way away from evs dominating. They are not nearly as clean, cheap or practical as was touted and the "climate crisis" is finally being shown as a scientific hoax. We don't have the infrastructure anywhere near ready either.

[@yolandasalvador7993]

True, true and true

[@garrysanders7694]

The tariff long term will only effect the normal buyer in the us

[@boogitybear2283]

I’d rather walk than to buy an Electric Vehicle. Even Electric Golf Carts get on my nerves.

[@nobelman4768]

It's very simple, American can't compete 😂

[@ashk4155]

Nio is next level - let them in and buy their stock

[@brandenjones6811]

they also do battery swap which is faster then filling up gas.

[@Wavetheory85]

@@brandenjones6811and they just completed a 39 month bear cycle. WXYXZ from ATH. Expect 15 months of upside or more.

[@buravan1512]

​@@brandenjones6811 soon NIO is also launching a cheaper sub brand, still looking better than a Tesla 😂.

[@antoniosy4433]

Not only tariff but consumer prefer hybrid look at the data

[@noseNstockpicker]

What is the " tax or barrier" % on other car companies? That's mess up. Consumers going to pay more at the end?? What Canada has to say?

[@nononsensedragon9438]

When the sun shuts down Earth's power grids and there's no electricity to charge electric vehicles with 😢😢😢

[@oscarrlee18]

Wow dumb and dumber. Keep eating chips and watching tv

[@emilyapi7825]

You’re worrying about the sun shutting down😂 where do you get your education

[@quocbaonguyen8308]

@@emilyapi7825 maybe from the church

[@karimmanassa9634]

If you ask most new car buyers if they would buy a car where they had to replace the engine in 10 years, they would say "NO" even if they planned on keeping the car a short term because of this impact on the resale value. So then why would any new car buyer want an EV or Hybrid where the battery pack needs to replaced or is severely underperforming in 10 years? Whether it's an ICE or an EV battery pack, 10 years life is insufficient. This is just one reason why conventional ICE with long lasting engines are the wise choice.

[@same.6409]

What if when the whole car costs less than 10K? Or do you have the same worries over your iPhone or laptop?

[@karimmanassa9634]

@@same.6409 What new car for under $10k are you referring to? iPhone and laptops are apples and oranges compared to cars. iPhone batteries only last 3 years or so by design and cannot be easily replaced, so this designed obsolescence forces the consumer to continually "upgrade." Laptops are similar. If given a choice, many consumers would gladly have an iPhone or laptop with an easily replaceable battery. When it comes to cars, consumers in the primary new car market don't want a car with planned obsolescence as it hurts resale value and/or long term ownership.

[@same.6409]

​@@karimmanassa9634 So, why no one seems to worry about their iPhones' planned obsolescence.... as it hurts resale value and/or long term ownership?

[@karimmanassa9634]

@@same.6409 Because an iPhone is a few hundred bucks versus a car which averages over $42,000.

[@MercurialMindchannel]

This is why nio has battery swap that will make evs life expectancy a lot longer in the long run and add more values to its vehicle.

[@mikegraves3497]

Buying them ?

[@user-rd7yf9ob7g]

To reduce gasoline usage, some cities in China offer a maximum subsidy of 72,000 RMB for Volkswagen electric vehicles, 33,000 RMB for Tesla cars, and 22,000 RMB for Li Auto vehicles. In China, the subsidies are provided to consumers for purchasing cars, not to car companies.

[@lachen7]

100% or even 1,000% tariff on zero is still zero.

[@stinger2214]

Regading pats statement at the end about china wanting avoi paying tariffs. China doesn’t pay the tariffs it's american citizens who pay the tarrifs(new Tax).

[@TheAustrianPainter87]

Both statements are right

[@Gman99823]

Well it’s a little more complex than that. The importer in USA pays the tax before consumer even sees the car. If car sits or isn’t sold the Chinese company has paid tarriffs and isn’t seeing reimbursement. In many cases importing company may not pass entire tarriffs to consumer and is part of cost of goods sold in USA. Yes consumer pays more put initial cost is all on Chinese car company trying to import the car. Chinese know this as China has far more tarrifs on US goods than US does on China. I was an importer for US company and we paid hundreds of millions in tarrifs every year to Chinese government. China was most expensive place in world for us to sell our products due to Chinese communist government.

[@Allups50]

any good EV china stocks to buy ?

[@atenas80525]

"Hasn't even started" - and yet they already have huge consumer issues - spontaneous battery fires, runaway vehicles, parts falling off - oh, yeah, the problems are just getting started

[@josematanzo5879]

What happened to free market?

[@CThienV]

Only when America wants to penetrate a new market

[@heroldmutebi8200]

It's just BS the US tells other countries to get them to open up their markets to thieving corporations just not the other way round.

[@missybelmont9830]

One solar flare or attack or other and this conversation is over...grid is soooo vulnerable..😂

[@wilkinlow]

It's not like gas car is safe. All the cars with ECU is gonna get fried.

[@vlada]

The most interesting thing i learned about these tariffs is Texas had the highest exports of any US state to China, about 21-22Billion last year.

[@peterkogl1329]

Short answer: resounding "NO"

[@omarjdiaz]

Toyota has the 1-6-90 rule, where as the amounts of REM(Rare Earth Minerals) needed to make one EV, makes 6 plug in Hybrids or 90 ICE/Hybrids.

[@aid-f]

Not 90 ICE. 90 Hybrids.

[@omarjdiaz]

@@aid-f yes thank you, 1 long range EV, 6 plug in hybrids, 90 ice hybrids.

[@alanccvoo]

Just admit it ..they lost...what rule is BS they lost Bec they sat on their laurels...just ask them about Kodak

[@OrangeJuicePapi]

still never heard reviews on hybrids. they any good?

[@daMillenialTrucker]

@@omarjdiaz wow thats a lot for jusr 1 vehicle lmao

[@DarkVader-jj4dt]

The cost of EV's will remain high in America, and China will just sell their cheaper, but better quality EV's to the rest of the world. At a fraction of the cost Americans are paying for their EV's. American EV's will not be competitive in the global market.

[@superfly19751]

Yes, except for Tesla.

[@lasher5520]

Pat... Please do a video about the Electoral College

[@stevec9927]

Patrick neglected to mention the main reason for Chinese EV overcapacity: massive state subsidies leading to capital misallocation and overbuilding (also causing problems in the Chinese real estate market).

[@joelim5840]

Yes the Chinese state were investing billions in green energy RND. It seems to pay off very well. Same for the chips, which most likely to succeed. The property market slump was not created by the state. These large private developers are in trouble, not the state. Local as well as foreign lenders are involved. Now local municipality are allocated funds to help citizens get their apartment. About 70 million units to clear. (Not 3 billions units as per western news. Would any developers build 3 billions homes for a population of 1.4 with a few hundred million already have a home?

[@eddieonthegotravel]

When I lived in Colombia last year I saw a BYD dealer which was interesting but I never saw one on the street. The way the power went out so often I’d say that country is way far off of being ready for EVs.

[@Singalongwithudit]

Means they are just better

[@martinbaggott1052]

But where will I get it fixed when it doesn’t work?

[@dimik3855]

It's not just about the minerals and the cheaper labor. It's also about the fact that the Chinese focus on efficiency. They have an amazing structure that cuts out any waste, and they work harder as well.

[@lcy_123]

Its not about tariffs - the US just hasnt been big in manufacturing for years focusing on tech but also financial services. Tariffs of 10000% will not magically transform US manufacturing capability. Blaming China for intellectual property theft and copying is just an excuse - in the 60's older people remember everyone saying Japanese cars were rubbish and were cheap copies of western cars, I remember in the 80's everyone saying anything from Taiwan is just junk or a copy....while at the same time look what was happening in Detroit.....Blaming China for unfair trade is also a red herring - check the WTO - The US has the highest amount of complaints against it for unfair trade. The EU is pretty high too. China is very low on the list. All this blaming China is created by media and politicians who are unhappy at the rise of China, but at the end of the day are doing the people in the US and the West a great disservice. Rather they should be working hard to compete fairly by creating a society which, rather than looking over their shoulder at other countries working hard, should be looking to roll up their sleeves and work hard to forge a better future. At the same time the number of STEM students and engineers is dropping around the West - everyone wants to be a big shot lawyer or a 'manager' or work in a bank in finance - nobody wants to get their hands dirty or study hard and make stuff - because making stuff is hard, studying maths, physics, science and computer programming is hard and manufacturing and engineering takes creativity, drive, intelligence, resilience, sacrifice and effort and on top of that, requires entrepreneurship and risk-taking. The energy that built the US to be the world's strongest nation use to be like that but it seems people are more concerned now with social / philosophical issues, ignoring the fact that you need to eat first to be happy and that eating requires you, as a society, to work hard. Rather than worrying about abstract social issues, if people in the west really want to make a difference to society, they should perhaps look for a start at building infrastructure and housing - its a disgrace that the richest countries in the world can no longer house its people. I worry about future generations living in the west.

[@fangzification]

To add an additional layer of irony: all of the best STEM graduates in the U.S. are being snatched up by Wall Street and Silicon Valley first, and then the rest of the other companies fight over whatever leftover talent that remains.

[@ryanking4942]

PHEV the way to go

[@kevinlin4895]

Funny thing.. BYD also makes PHEV, Tesla does not

[@fangzification]

@@kevinlin4895 I encourage the OP to look up DMI 5.0. The range is pretty impressive.

[@heroldmutebi8200]

The BYD Yanguan is a great example. it has a generator to power the motors while recharging the battery in place of a combustion engine.

[@titanlacrosse780]

ive had dozens of cars, everything from rav4s to crzs to challengers to ford pick ups.. if you havent driven an EV i promise it is incredible. i test drove a tesla on a vacation and by the time i got home i already had my car up for sale and i bought a preowned tesla through their app.. it truly makes you feel like gas cars feel like pagers to cellphones. Hell, when it’s raining outside and my wife and i are at dinner, my tesla just self pulls up for us to get in, crazy

[@OmarOsman98]

The free trade deal with Mexico and Canada requires car manufacturers selling across North America to have 70% components sourced from North America. Plus, qualifying for the tariff exemption requires paying your employees $16 per hour regardless of whether you’re in Mexico or the US

[@b_uppy]

Except China rarely heeds the rules of other countries.

[@OmarOsman98]

@@b_uppy BYD isn’t China. It’s a private company. When does the US heed the rules of other countries?

[@Nameles84]

A Electric Car that races in 3 sec sounds like it's going to draw a lot of power from it's source. So how long can it last for the battery? We all have a cellphone that comes with an advice to reduce over drain the battery too often as it will shorten the battery's life. And how much does it cost to replace the battery alone?

[@simshengvue5799]

Look up Chinese ev fires

[@rolanddeschain965]

Don't leave out tires and brakes, all that torque shreds tires and the cars are insanely heavy so stopping it burns your brakes up fast.

[@zuriyel5368]

@@simshengvue5799 But don't look up how 80% of EV fires come from overcharging, right? And don't look up how there's been 213k cars in America that caught fire on an annual basis either, I'm guessing. And I suppose that you also don't want people to look up how EVs are in general much less likely to catch fire than gas cars.

[@simshengvue5799]

@@zuriyel5368 Why do dealerships in China with brand new EVs go up in flames?

[@buravan1512]

​@@simshengvue5799 or VW, BMW fires too.

[@sammy-gd7hw]

All those hundreds of millions of car batteries 25 years from now in China. Yup dump em in the ocean.

[@yolandasalvador7993]

You know that will be the case

[@zuriyel5368]

Actually one of the Chinese EV CEOs have said that in about a decade they won't be creating new batteries and will able to reuse the existing ones.

[@user-xd2jz6xs8r]

I disappointed you, China has complete battery recycling technology. Let's learn about Ningde Times

[@troylemon7379]

Does anybody know what the people manufacturing these cars? The workers that is are making a day

[@Shelton8253]

Byd is the lucid version of U S but Tesla is the Toyota for the 2:21

[@MrYamaha413]

other problem is that China itself is huge market for EU and US car brands and putting tariffs on their cars will have vice versa effect stoping imports of other brands to China market ps . some German car brands have better revenue in China than rest of the world so shockingly they are against EU tariffs so they can keep making money in China

[@b_uppy]

Some Chinese are aware of the problems with Chinese/CCP owned companies.

[@jeansalce3241]

I don't read anything about charging stations

[@superfly19751]

Most people charge at home. Tesla charging network is vast and continues to grow.

[@midmomom2490]

@@superfly19751out here in Midwest EV is totally impractical especially financially

[@lamesamelame]

1: Did you account for current Chinese Tariffs on imported cars from the USA or Europe? 2: The Chinese government is also subsidizing...

[@slomo4672]

American and European cars sold in China are manufactured locally. But the US doesn't allow China to set up EV factories in the US due to national security.

[@motoquipe]

Detroit has been subsidised BILLIONS by the tax payers of America.

[@Cars_lostinspace]

What nobody is talking about is where all these EV's (batteries) will be in 15-20 years.