🤔Is Cadillac's EV crisis a sign of bigger challenges for legacy automakers in the electric vehicle race? 👉Shocking! Cadillac's EV Crisis: CEO's Panic as Sales Plummet! WATCH IT NOW HERE! 🎬th-cam.com/video/SWmgLzyyVTI/w-d-xo.html
😂😂 Europe & US has a SHRINKING AGING MARKET (14% OF global population) that is heading to a GREAT DEPRESSION! The west has 80% of global debt. Consumers DON'T HAVE MONEY... and CHINA doesn't want FIAT Dollars and EUROS! CHINA is wise to invest in the 86% OF THE GLOBAL MAJORITY with GREATE POTENTIAL OF WIN-WIN!
This is ww4 not about ev's, China ev industry is designed to de destroy the manufacturing base of the west., once that's done they will move military where they want.
Has Europe and the US ever asked why their cars cannot sell outside their country whereas Japanese cars once upon a time was top the top seller in the US. US produce many brands of car but none can penetrate the Japanese market. Why? Give it a thought and you will know why US automobile industries is collapsing.
The European car are selling everywhere😂😂... maybe not that much in USA but everywhere else. Go across to Mexico... plus European automaker bought lots of foreign automakers. Ok here is one question about calculations which EU and even Japan automakers lost and that is battery driven car sudden forced green deals government EU push suicide 😂😅😢
@@marekkovanic6619 if Selling everywhere, why we hear and see all the erupean auto maker lash many worker now, compare to japan still so low even no lash of worker
5 years ago, the Top 10 car producing and exporting car companies were from Japan, US and European countries, none from China. No one say these countries are over production then. Even in 2024, among Top 10 car exporters, only 2 are from China, and they only rank No. 6 and 9. The Americans and western media keep saying the China car industry is over production.
When the West have competitive edge, West advocates WTO and open market. When the West loses competition, they rejects the WTO, close their market and call that guarding national security.😂
China actually came beggging to join the WTO/World order created by the West after the fall of the Berlin Wall and the complete collapse of Mao's dystopia decades earlier. China's never complied with the WTO rules.
Do you even have a clue how China basically funds BYD 100%? They spent 250 billion on BYD alone and said they were going to take over the world ev market. They don't care about profits and prices. Maybe do some research about China and how they operate
Before you comment on such nonsense you have to understand Communist policies and facts like Chinese subsidies, Chinese stealing of technology, no copyright in China, no social insurance, no retirement funds, in most European areas no dealers, and difficult to get spare parts. Did you ever open a company in China? You need a 51% Chinese partner. The European car manufacturers have to face European standards which cost money, the Chinese don't have to. Of course, you look only at the bottom line or, as your name suggests, come from this country...
Their were destroying the planet with pollution and those batteries for EVs! Look up Chinese drinking water 99% of the drinking water is polluted over there! Look it up! If you can’t found it that means they’re hiding it! As usual
Spain has defied the EU (and, by extension the US) by making trade deals with China and refusing to put tariffs on their EV exports, so I will be interested to see if BYD and Nio EVs start appearing. I think Spain would be better off in BRICS than in the EU.
China should raise the price of their batteries to Europe 20%per year. Makes sense for China to go ev. Electricity in China costs half of what it costs in Europe, and they own the materials.
They were forced to move to Ev’e because of how the West push against global warming. As a result China is 6 years before schedule, while America & Europe are behind, their auto industry dies, so is their solar panels industry etc. What they did is very hypocritical & stupid. Because they started it
Actually they do not own the materials. Shiploads of Australian coal a week goes to China so they can burn it for cheap electricity. Where Australais moron Govt cannot burn coal because of net zero. We are becoming a second rate nation because of this. Unreliable 'renewables' making power so expensive that we have little manufacturing left. And buy substandard Chinese commodities.
Chinese EV companies (not Chinese bought companies like Volvo/Polestar) sold 300k vehicles in the EU in 2023 Most people don’t know 30 million cars are sold in China every year. Of those 8 million were EVs last year and projected 10 million EVs this year That still leaves 20 million ICE vehicles sold in China every year many of which are made by US and European Legacy car manufacturers China could put the final nail in the coffin, for many of the automakers… cite over production, national security risk, fears, threat etc etc But then we are lucky they don’t think in zero-sum game type of ways or else they could bankrupt a lot of companies Heck most people don’t know it’s EU multinationals whose high flying stocks are in their portfolios who are making the lion share of the profits exporting their goods from China back to the EU Inflating that EU trade deficit to China Which btw pales in comparison to the 500 billion USD …EU companies make selling their goods to Chinese consumers every year
@johnkessler9878 mainly because Chuna has the world's greatest coal reserves and still operates over 1200 coal fired power stations, despite committing to reduce thir number
this helps only the european auto makers which is a like 0.001% of population of europe. Cause they don't have to compete against Chinese cars. That's all. Its a huge loss for the regular citizen who wants a affordable reliable EV. So they rather protect the 0.001% than allow their own people to buy an affordable car, which also helps europea because they will also get TAX revenue from Chinese EVS. People will start saving money and they have more money to spend on the ecnonomy instead of being locked in and trying to pay off an expensive car from europe.
@@virtualZ161 Chinese EV companies (not Chinese bought companies like Volvo/Polestar) sold 300k vehicles in the EU in 2023 Most people don’t know 30 million cars are sold in China every year. Of those 8 million were EVs last year and projected 10 million EVs this year That still leaves 20 million ICE vehicles sold in China every year many of which are made by US and European Legacy car manufacturers China could put the final nail in the coffin, for many of the automakers… cite over production, national security risk, fears, threat etc etc But then we are lucky they don’t think in zero-sum game type of ways or else they could bankrupt a lot of companies Heck most people don’t know it’s EU multinationals whose high flying stocks are in their portfolios who are making the lion share of the profits exporting their goods from China back to the EU Inflating that EU trade deficit to China Which btw pales in comparison to the 500 billion USD …EU companies make selling their goods to Chinese consumers every year The EU is just to duuuuuum…to see China is their market Btw if you want manufacturing to go back to Europe You need to build the factories, build the infrastructure, give financial incentives, tax breaks, educate the workers build the educational facilities Meaning Europeans need to pay even more taxes and pay even more for their European made goods
China EV makers are making 20% profit but EU wants to use tariffs to earn 40% profit without any effort. China proposed to increase their profit so that their EV are priced higher but EU disagreed. What they want is the 40% profits from every EV sold.
You make your world so simple but it is not.🥸 People buy EVs because the EU country governments (like Germany) subsidize EVs. After Germany stopped these subsidies, the registration numbers fell for all (!) manufacturers. -The EU put up tariffs for reasons you can simply google. If you accept these reasons are not. -On the other side, China makes it difficult to invest with a 51% rule of Chinese ownership, the rule of Chinese-made batteries for any EV imported to China.
China EV makers uses cheap labor and make very money. There profit is from the number of EVs subsidies on the report they submit to the CCP. CCP loses $thousands on every EV they sell. If the EU allow this cheap EVs to enter their market, it will destroy their entire auto industry. Competition is only a ploy, destroying their industry is their underlying scheme. After much of the foreign industries relocated out of China, the EV auto is their single most important industry left. They have invested everything including the kitchen sink in EVs. Here's China predicament: EVs already saturated in domestic market, if they withdraw from the EU, and they can's penetrate the US market with 200% tariff. Where do they go from here with their overproduced surplus EVs.
The US government is always quick to protect big industries, while ignoring the needs of our society. Allowing Chinese vehicles to be sold in the US without huge import tariffs would be beneficial to everyone by providing us with reliable, inexpensive vehicles. Americans are hurt by having to pay higher costs for our vehicles. Protectionism only protects the profits of the corporations.
Your analysis is incomplete without touching on the greed of US cooperative falling into trap knowingly very well by ignoring the CCP agendas of stealing and copying US technology properties copyright. " Short term gain is another long term wealth" which most US fund managers guiltyly ignored that principle wihout looking into national future security.
So they were fine with american companies production of goods in China for small price and reseling it for high price in USA but they don't want same quality products for the low price 🤣🤣🤣 Americans are idiots...
This decision is not abrupt. Asians do not take disrespectful, lightly. Do not play the patronising game. China, India are very big countries. We did not get wealthy by robbing wealth from poor countries. Respect and will be welcomed with open arms ❤❤❤❤
@@evaxu6814 LOL - yes. What did Muslims (still holding on with slavery!) world did to others, what did Sumerers, Egyptians, Chinese, Indians, Moghuls, Mayas, Atztecs do to others? Jesus said: who is free from sin - throw the first stone! EUROPE brought progress, technic, inventions, civility, regulations, organisations, the idea of a nation, of freedom, of democracy. It brought ART, MUSIC, LITERATURE, PHILOSOPHY, BUIDLINGS, ARCHITECTURE. Shall I continue????
Globalization and free market competition only works when deemed to be in certain country's favor. But as a compromise a 25% import tax on EVs might be reasonable, like the 25% 'Chicken Tax' the US has had on imported SUVs and Trucks for the last 60 years. But jacking the tariffs much higher than that is pure protectionism. Can you imagine a Chinese or Mexican Health Company coming into the US offering medical care at a fraction of the cost that America charges? You can bet the US would put tariffs on those services too. America can't have good things at a reasonable cost. It is not allowed. We much prefer to be struggling and stressed out by the high cost of living. And it is guaranteed now to get worse before it gets better.
It appears that the European Union and the United States are worried about the low price that the Chinese EV’s are being sold and the quality and style that these cars are able to out maneuver European and U.S. cars from the market! Since the Chinese dominate the lithium battery field that powers these electric vehicles, then they will continue to dominate this market! It’s just a matter of time and we will have Chinese vehicles everywhere since the average buyer will much rather pay a reasonable price than an excessive price! Law of supply and demand will prevail!
@@Aam-xy9vdbecause Europe makes more EV models than US as US only has Tesla. Also EU isn’t Europe, it’s a collection of countries in Europe, like Russia isn’t in EU, Serbia isn’t in EU, Switzerland isn’t in the EU, Norway isn’t in the EU (biggest beneficiary of Russian energy ban), etc. Also the countries with the most automotive workers in the EU were the ones who voted against this, this is why you don’t see China taking retaliatory tariff action against Germany but they focused on France, who do you think has a bigger car industry Germany or France?
Apart from cheaper energy costs, it's less polluting, saving on huge medical costs. This consideration itself should put an end to oil and gas giants who had profited excessively without paying for pollution cost to our society for over a century.
@@adamiskandar5107 What cheaper energy costs?? Every country that has striven for net zero, has seen their energy costs skyrocket. German Industry is on its knees because of high energy costs, Britain has to bring in price controls it's so bad. China is playing everybody for the idiots that they are, because of this nonsense.
You maybe forgot that green energy is unstable . So how you foreseen to supply stable energy ? Van you Control the wind or sun 😃. How mamy power is producing by solar farms on the night ? When is the biggest demand on power and why late afternoon ? Until people dont find solutions how to store energy then IT is utopia.
This small yard and high fence mindset will make the United States and the European Union fall behind in the new green energy era. Just as well they can stop preaching and blaming developing countries.
Lack of fire safety, maintainace technicians, charging stations and plus consideration of battery life span & replacement cost will make unwillingness towards consumer globally.
Voters have given up on the agenda behind ev s and the wretched speculators behind the whole climate lie. Acid rain, ozone holes, global warming, seas rising and climate change. Well fossil fuel did not run out as predicted in the 1970s etc fcking hell it is just the poor mis guided youth that got lost with the smart devices that buy into this rubbish. Bankers buy carbon bonds.
The fundamental issue here is if we want the EV at all, considering the deadly danger coming from Li-ion battery fires. I will never ever, ever own one.
China's access to oil is hampered by USA hegemonic war mongering. So it makes infinite sense for the Chinese to develop & perfect a substitute energy source. The EV market is not perfect, yet...but catching up very fast.
Exactly how many EV’s, globally, have caught fire and killed/injured anyone? Please provide full supporting evidence for each case. What % of EV’s sold have been affected?
@@janetbayford133 Are you for real? I do not work for you. Do your own research, please. And of course, put that EV into your garage and sleep well knowing "how rare" it can burn down your house, while you are sleeping.
europe doesn't want them despite the political tantrums. this makes evs too expensive to own and run in europe so the public will not accept it. all over europe firms are crashing.
The closest charging station from me is over 50 miles, 1 way. Within that same 50 miles there are a dozen gas stations. I wouldn't take an EV if you gave it to me. $75000 golf cart with an I-pad.
Charging station is your government's problem. Not EV problem. Like here in US. Biden spent 10s of million and four years' time, built two charging station country wide and told us EV is dangerous and not suitable for American. Whose fault is this? EV?
A real pickle we have gotten ourselves into with this international free trade thing. We promoted it when we could sell things and make lots of money (airplanes, gasoline cars, etc.), but when those people start selling things to us and making lots of money (EVs). Well, that just doesn't seem fair.
JLR's latest add will certainly end their presence in the UK. Like the 000's of other confused potential buyers, I have just watched the JLR rebranding TRIPE!!!!!! very little content about their vehicles, MORE ABOUT DIVERSITY, black on white. Not for me........................Good bye !
China produces cheap evs Because the government is in bed with BYD paying for R&D, manufacturering, shipping, slave labor. BYD has been given 250 Billion dollars since it was making batteries. China has said it wants to overtake the world ev market no matter what. They don't care about profits and margins and labor like the normal business world. Of course Tesla and others can't compete with that. I wish people would do research and find out why China has cheaper evs. If you allow them to sell evs in the USA market while basically undermining the market say goodbye to American jobs. At some point you have to draw the line on what is fair. Yes some American would love to buy a cheap car and they don't care what happens to GM Ford Tesla. Pretty sad actually And we don't know what technology is in BYD for gathering Intel. We have enough car companies here and you can buy a few low cost evs now. More will come soon enough. That is another thing Ford and GM should leave China immediately. They were all used so China could get our manufacturing methods and techniques. The Chinese people are buying their own brands now so we should get out. All the big banks are telling GM and Ford to get out.
All Chinese EV manufacturers are using mega presses cutting out hundreds of welds, making EV's frames, faster, stronger, quicker, lighter and CHEAPER. Better quality at lower prices. These presses are very expensive and production line must be redesigned for faster construction
increase public transport is also a solution which require manufacturers and workforce. it depends if we want to be a 1 person 1 car civilisation or if we can accept to wait 5 minutes for a public transport.
Hybrids are outselling BEV's in Europe and North America. Given a large advantage in range and no need for infrastructure, hybrids will continue to proliferate. Recent restrictions worldwide in allowable places to park BEV's, and the sharp decline in used BEV prices adds to the overly competitive playing fields in Europe and the US. The BEV only vehicle manufacturers will struggle to survive. With the change in the US administration, the directives to ban ICE engines will cease. The market share of new vehicles' in Europe and North America will dramatically shift to hybrids. The changeover to solid state batteries will close the gap with China. Japan and South Korea will lead this sea change.
@@iankuah8606 China thought of that possibility long ago, and has several IC Engines inpetto, which can use, gasoline, or natural gas, or hydrogen.The Chinese think ahead, they rarely sleep, and are difficult to toast
Hybrids are half human half beast. We either drive BEVs or ICEs. You pay the price of an ICE and a BEV combined when you buy a hybrid, and you will use it as an ICE most of the time. Why do you charge your hybrid if you can top it up with gasoline/petrol? Hybrids are totally impractical.
European car makers have been forced to invest billions into developing vehicles the market doesn't want and that are totally dependent on the goodwill of their main competitor. Not difficult to see how that pans out.
Anyone who has ever traveled to China 10 years ago and then recently can tell the difference. The sky used to be hazy before and now it's clear and blue. EVs do help the environment but they need substantial efforts and investment on the infrastructure to make them work. You don't save the planet just by making pretty PPT and yell how dare you.
EV's are the answer to a problem that does not exist. EV's do nothing to reduce emissions, when viewed in the Whole of Life context. They are huge users of resources, are emissions intensive to make and have not even half of the economic lifespan of a regular car. They do nothing better than regular cars, yet cost far more and depreciate far worse. That is why the car buying public globally still rejects them after over a decade, despite massive tax incentives, subsidies, price cuts and government enforced mandates. If EV's were better, the public would all have bought them with no need for all of that. Nobody had to mandate large screen TV's, Smart Phones or any of the other new tech, did they? No. Because those were all obviously better. Trump scrapping USA EV mandates and subsidies will be the nail in the mass adoption coffin of EV's and the rest of the western world will eventually follow.
If so, the West would continue to decline while the Global South would continue to prosper. The West would find out too late that when you don't compete fairly, you loose out in the long run.
The EV charging in front of home is like a ticking time bomb only thing that no one knows when it can explode suddenly. How many regular cars exploded while parking or during refilling in last 10 years.
I think it has to do with energy orices in Europe. In my country South Africa no Chinese EVs has been launched because if high energy prices. Chinese petrol cars are entering and will dominate soon(already at 25%) but no EVs gas been launched
Depend on what europe is going to achieve..??? Better climate or Economi... War or Peace...??? Suistanability or Temporary ... has his own path..., Which Efectiveness is Europe gone take...???
If chinese car dont sell out of china its a loss not for the Chinese OEM. Its a huge loss for CCP as these ev cars are subsidized by chinese party. Without subsidy the profit for each ev is not even 10 Yuan.🎉
Slowly and gradually China has overpowered western dominance of auto mobile sector.The EV advent in China got the boast from high tech batteries,where west was not catching up with China.Secondly cost comparison has given edge to Chinese EV giants in the world particularly EU and USA as a result west has increased the tariff on Chinese EVs,which is unfair. China is gradually capturing global EVs market though quality, endurance and cost.The most prominent factors of Chinese EVs are batteries and attractive designs. Certainly,China is leading the world in many other sectors Viz solar and aviation.
Silly childish comment, many Chinese EV are well built cars, selling in big numbers in many countries and taking market share away from many long established brands in china Market
Chinese products will replace EU in the global south matkets, so EU will sell less products globally, so prepare for less jobs, less tax returns, less purchasing power for EU consumers
As you will probably die before you have too. But your children and grandchildren will be buying them. Reminds me of the horse owner who swore he would NEVER buy one of those new fangled horseless carriages. And he didn't.
Am intrigued to find out what this recent discovery in California . I understand they dug hug amounts of lithium ,more than enough ? So will this do anything?
@ Oh ok, the story i read in the UK was about this white gold .540 billion $ worth, discovered at the bottom of a giant lake in Southern California. The Salton Sea, which is the largest lake in the US and i think i read lithium was part of it ? And this was recently. Thats if i read correctly.
🤔Is Cadillac's EV crisis a sign of bigger challenges for legacy automakers in the electric vehicle race?
👉Shocking! Cadillac's EV Crisis: CEO's Panic as Sales Plummet! WATCH IT NOW HERE! 🎬th-cam.com/video/SWmgLzyyVTI/w-d-xo.html
😂😂 Europe & US has a SHRINKING AGING MARKET (14% OF global population) that is heading to a GREAT DEPRESSION! The west has 80% of global debt. Consumers DON'T HAVE MONEY... and CHINA doesn't want FIAT Dollars and EUROS! CHINA is wise to invest in the 86% OF THE GLOBAL MAJORITY with GREATE POTENTIAL OF WIN-WIN!
The difference is China uses a silk road mentally, where western countries use military power
This is ww4 not about ev's, China ev industry is designed to de destroy the manufacturing base of the west., once that's done they will move military where they want.
And see how that ended up
Utter rubbish!
@derek6579 well, at least you have absolutely nothing to back up that waste of a post
Just you watch China when it gets a little stronger army
Loss of cheap Russian energy is biggest reason why European automakers are now uncompetitive
Europe is always more than happy to sacrifice itself for the benefit of the US.
@@milosdunjic8718 you are obviously misinformed only China buys Russian fossil fuels
Europe buys its fuel from the Middle East
@milosdunjic8718..EU imposed sanctions on itself by banning/rejecting Cheap Russian Piped Gas.
@ the EU and the US set the price for Russian LNG at half its actual value but they will not buy from a country at war
Karma is collecting past dues.
Has Europe and the US ever asked why their cars cannot sell outside their country whereas Japanese cars once upon a time was top the top seller in the US. US produce many brands of car but none can penetrate the Japanese market. Why? Give it a thought and you will know why US automobile industries is collapsing.
Long time ago...
American cars have quality and reliability issues.
@@nanbutinanquibotiqui in simple laymen's words... They produce junk..
The European car are selling everywhere😂😂... maybe not that much in USA but everywhere else. Go across to Mexico... plus European automaker bought lots of foreign automakers. Ok here is one question about calculations which EU and even Japan automakers lost and that is battery driven car sudden forced green deals government EU push suicide 😂😅😢
@@marekkovanic6619 if Selling everywhere, why we hear and see all the erupean auto maker lash many worker now, compare to japan still so low even no lash of worker
5 years ago, the Top 10 car producing and exporting car companies were from Japan, US and European countries, none from China. No one say these countries are over production then.
Even in 2024, among Top 10 car exporters, only 2 are from China, and they only rank No. 6 and 9.
The Americans and western media keep saying the China car industry is over production.
When the West have competitive edge, West advocates WTO and open market. When the West loses competition, they rejects the WTO, close their market and call that guarding national security.😂
China actually came beggging to join the WTO/World order created by the West after the fall of the Berlin Wall and the complete collapse of Mao's dystopia decades earlier. China's never complied with the WTO rules.
Do you even have a clue how China basically funds BYD 100%? They spent 250 billion on BYD alone and said they were going to take over the world ev market. They don't care about profits and prices. Maybe do some research about China and how they operate
When china has a trade surplus it exports unemployment. It was ok for years ......china never complained.
Before you comment on such nonsense you have to understand Communist policies and facts like Chinese subsidies, Chinese stealing of technology, no copyright in China, no social insurance, no retirement funds, in most European areas no dealers, and difficult to get spare parts. Did you ever open a company in China? You need a 51% Chinese partner.
The European car manufacturers have to face European standards which cost money, the Chinese don't have to.
Of course, you look only at the bottom line or, as your name suggests, come from this country...
Very true. ❤❤❤
So much for saving the planet😂😂😂😂more like save your own arse😂😂😂
They will only panic when their cities are like New Delhi and Lahore.
Their were destroying the planet with pollution and those batteries for EVs! Look up Chinese drinking water 99% of the drinking water is polluted over there! Look it up! If you can’t found it that means they’re hiding it! As usual
Exactly!!
Spain has defied the EU (and, by extension the US) by making trade deals with China and refusing to put tariffs on their EV exports, so I will be interested to see if BYD and Nio EVs start appearing. I think Spain would be better off in BRICS than in the EU.
Feel free to leave then.
@@ErikNielsendk
That's very noble of you Erik, of course we wouldn't dream of it without your permission.
@kerryburns-k8i Is that how defiant you are, need permission ?
Not me you need to ask.
@@ErikNielsendk Such a relief.
I think so too. BRICS is much less restrictive than the EU. It's cooperative and pragmatic, not imposing any marxist nonsense.
China should raise the price of their batteries to Europe 20%per year. Makes sense for China to go ev. Electricity in China costs half of what it costs in Europe, and they own the materials.
They were forced to move to Ev’e because of how the West push against global warming. As a result China is 6 years before schedule, while America & Europe are behind, their auto industry dies, so is their solar panels industry etc. What they did is very hypocritical & stupid. Because they started it
Actually they do not own the materials. Shiploads of Australian coal a week goes to China so they can burn it for cheap electricity. Where Australais moron Govt cannot burn coal because of net zero. We are becoming a second rate nation because of this. Unreliable 'renewables' making power so expensive that we have little manufacturing left. And buy substandard Chinese commodities.
china should rise batteries supply price to EU up to 39% to compensate EV tariff
Chinese EV companies (not Chinese bought companies like Volvo/Polestar) sold 300k vehicles in the EU in 2023
Most people don’t know 30 million cars are sold in China every year.
Of those 8 million were EVs last year and projected 10 million EVs this year
That still leaves 20 million ICE vehicles sold in China every year
many of which are made by US and European Legacy car manufacturers
China could put the final nail in the coffin, for many of the automakers…
cite over production, national security risk, fears, threat etc etc
But then we are lucky they don’t think in zero-sum game type of ways or else they could bankrupt a lot of companies
Heck most people don’t know it’s EU multinationals whose high flying stocks are in their portfolios who are making the lion share of the profits exporting their goods from China back to the EU
Inflating that EU trade deficit to China
Which btw pales in comparison to the 500 billion USD …EU companies make selling their goods to Chinese consumers every year
@johnkessler9878 mainly because Chuna has the world's greatest coal reserves and still operates over 1200 coal fired power stations, despite committing to reduce thir number
this helps only the european auto makers which is a like 0.001% of population of europe. Cause they don't have to compete against Chinese cars. That's all. Its a huge loss for the regular citizen who wants a affordable reliable EV. So they rather protect the 0.001% than allow their own people to buy an affordable car, which also helps europea because they will also get TAX revenue from Chinese EVS. People will start saving money and they have more money to spend on the ecnonomy instead of being locked in and trying to pay off an expensive car from europe.
Not surprised.They asked for it 😂😂
Chinese Ev are better than US Tesla.
Stolen IP...
That is nonsense. You should maybe watch some reporting about their quality on China Observer, or Serpentza, to name a 2 of many.
I've worked on Tesla cars since the Roadster that used the Lotus chassis. Their build quality has been lamentable since day one.
Do you know why? Because I have used tesla for almost 3 years..And now I changed to BYD..Only those who feel it know.. Not on paper
@@ThomasHalways
You still watching those two loser that got kicked out of China?
Now the EV plot has destroyed the European car industry, the Chinese are removing the EV bait cars.
What are you talking about? The Chinese EVs barely got started in the EU. The war destroyed EU's economy. You tell me what is doing well in the EU?
@@chongkt6469Chinese cars have been selling well in Europe....
@@daweigo6851I never seen one while in Europe. Mostly European brand ICE on the roads.
@@virtualZ161
Chinese EV companies (not Chinese bought companies like Volvo/Polestar) sold 300k vehicles in the EU in 2023
Most people don’t know 30 million cars are sold in China every year.
Of those 8 million were EVs last year and projected 10 million EVs this year
That still leaves 20 million ICE vehicles sold in China every year
many of which are made by US and European Legacy car manufacturers
China could put the final nail in the coffin, for many of the automakers…
cite over production, national security risk, fears, threat etc etc
But then we are lucky they don’t think in zero-sum game type of ways or else they could bankrupt a lot of companies
Heck most people don’t know it’s EU multinationals whose high flying stocks are in their portfolios who are making the lion share of the profits exporting their goods from China back to the EU
Inflating that EU trade deficit to China
Which btw pales in comparison to the 500 billion USD …EU companies make selling their goods to Chinese consumers every year
The EU is just to duuuuuum…to see China is their market
Btw if you want manufacturing to go back to Europe
You need to build the factories, build the infrastructure, give financial incentives, tax breaks, educate the workers build the educational facilities
Meaning Europeans need to pay even more taxes and pay even more for their European made goods
China EV makers are making 20% profit but EU wants to use tariffs to earn 40% profit without any effort. China proposed to increase their profit so that their EV are priced higher but EU disagreed. What they want is the 40% profits from every EV sold.
wow really, that's nasty
Most of Chinese don't make any profit -- they are heavily subsidizesd by the gov't.
You make your world so simple but it is not.🥸
People buy EVs because the EU country governments (like Germany) subsidize EVs. After Germany stopped these subsidies, the registration numbers fell for all (!) manufacturers.
-The EU put up tariffs for reasons you can simply google. If you accept these reasons are not.
-On the other side, China makes it difficult to invest with a 51% rule of Chinese ownership, the rule of Chinese-made batteries for any EV imported to China.
China EV makers uses cheap labor and make very money. There profit is from the number of EVs subsidies on the report they submit to the CCP. CCP loses $thousands on every EV they sell. If the EU allow this cheap EVs to enter their market, it will destroy their entire auto industry. Competition is only a ploy, destroying their industry is their underlying scheme. After much of the foreign industries relocated out of China, the EV auto is their single most important industry left. They have invested everything including the kitchen sink in EVs. Here's China predicament: EVs already saturated in domestic market, if they withdraw from the EU, and they can's penetrate the US market with 200% tariff. Where do they go from here with their overproduced surplus EVs.
The US government is always quick to protect big industries, while ignoring the needs of our society. Allowing Chinese vehicles to be sold in the US without huge import tariffs would be beneficial to everyone by providing us with reliable, inexpensive vehicles. Americans are hurt by having to pay higher costs for our vehicles. Protectionism only protects the profits of the corporations.
You are right Trump protect the billionaire AiPAC jews oligarchies
Your analysis is incomplete without touching on the greed of US cooperative falling into trap knowingly very well by ignoring the CCP agendas of stealing and copying US technology properties copyright. " Short term gain is another long term wealth" which most US fund managers guiltyly ignored that principle wihout looking into national future security.
Because these big corporate sponsors the politician. It is natural that The politician serves the sponsors' interest.
So they were fine with american companies production of goods in China for small price and reseling it for high price in USA but they don't want same quality products for the low price 🤣🤣🤣
Americans are idiots...
The boss of Tesla is your Government's new genius.
Not carrot and stick but doing what the West and the US taught them.
Unfortunately, they don't have the carrots and EU is not afraid of their sticks.
This decision is not abrupt. Asians do not take disrespectful, lightly. Do not play the patronising game. China, India are very big countries. We did not get wealthy by robbing wealth from poor countries. Respect and will be welcomed with open arms ❤❤❤❤
Chinese are the most disrectful business people in the planet
No but through exploiting them (Africans etc.) even much more severly.
@@bastianleejones Like what the European did to the other parts of the world with guns and canons in the past? 😂
@@evaxu6814 LOL - yes. What did Muslims (still holding on with slavery!) world did to others, what did Sumerers, Egyptians, Chinese, Indians, Moghuls, Mayas, Atztecs do to others? Jesus said: who is free from sin - throw the first stone!
EUROPE brought progress, technic, inventions, civility, regulations, organisations, the idea of a nation, of freedom, of democracy. It brought ART, MUSIC, LITERATURE, PHILOSOPHY, BUIDLINGS, ARCHITECTURE. Shall I continue????
which is why the CCP practices "Wolf Warrior Diplomatic" and parades around pissing off everyone.
So much for Reagan and Thatcher's globalization and free competition and free flow of capital.
Globalization and free market competition only works when deemed to be in certain country's favor. But as a compromise a 25% import tax on EVs might be reasonable, like the 25% 'Chicken Tax' the US has had on imported SUVs and Trucks for the last 60 years. But jacking the tariffs much higher than that is pure protectionism. Can you imagine a Chinese or Mexican Health Company coming into the US offering medical care at a fraction of the cost that America charges? You can bet the US would put tariffs on those services too. America can't have good things at a reasonable cost. It is not allowed. We much prefer to be struggling and stressed out by the high cost of living. And it is guaranteed now to get worse before it gets better.
It appears that the European Union and the United States are worried about the low price that the Chinese EV’s are being sold and the quality and style that these cars are able to out maneuver European and U.S. cars from the market! Since the Chinese dominate the lithium battery field that powers these electric vehicles, then they will continue to dominate this market! It’s just a matter of time and we will have Chinese vehicles everywhere since the average buyer will much rather pay a reasonable price than an excessive price! Law of supply and demand will prevail!
Right decision of China to abandon the EV supply to Europe.Europe will enjoy the price of EV car from their masters fascist US.
Silly uninformed comment....
@daweigo6851 Can you please explain why it's a silly comment?
@@daweigo6851
Do one need information from bbcnn to be an informed person?
@@Aam-xy9vdbecause Europe makes more EV models than US as US only has Tesla. Also EU isn’t Europe, it’s a collection of countries in Europe, like Russia isn’t in EU, Serbia isn’t in EU, Switzerland isn’t in the EU, Norway isn’t in the EU (biggest beneficiary of Russian energy ban), etc. Also the countries with the most automotive workers in the EU were the ones who voted against this, this is why you don’t see China taking retaliatory tariff action against Germany but they focused on France, who do you think has a bigger car industry Germany or France?
Meaning no markets for Chinese EVs though.
What about put a stop to green lunacy?
Apart from cheaper energy costs, it's less polluting, saving on huge medical costs. This consideration itself should put an end to oil and gas giants who had profited excessively without paying for pollution cost to our society for over a century.
Absolutely
@@adamiskandar5107
What cheaper energy costs??
Every country that has striven for net zero, has seen their energy costs skyrocket.
German Industry is on its knees because of high energy costs, Britain has to bring in price controls it's so bad.
China is playing everybody for the idiots that they are, because of this nonsense.
You maybe forgot that green energy is unstable . So how you foreseen to supply stable energy ? Van you Control the wind or sun 😃. How mamy power is producing by solar farms on the night ? When is the biggest demand on power and why late afternoon ? Until people dont find solutions how to store energy then IT is utopia.
Now EU and USA don't have to worry anymore. Buy US and European cars. No more headaches which car to choose.
I don't want to buy overpriced poor quality domestic products!😡
This small yard and high fence mindset will make the United States and the European Union fall behind in the new green energy era. Just as well they can stop preaching and blaming developing countries.
That is really good
Why dont car companies make cheaper EV's? Most people want a cheap well made car... not luxury!...so they will have extra cash to buy other things...
Greed, for sure.
Major component of the EV is the battery. China control the batteries. It's expensive. When the battery dies, the car is worthless.
Lack of fire safety, maintainace technicians, charging stations and plus consideration of battery life span & replacement cost will make unwillingness towards consumer globally.
Europeon union follows free policy and keeping extra charges for Chinese batteries is unfair and injustice.
Some EU countries are act on the interest of US and not on EU
Sometimes it better to give op instead of losing the battle
All for NOTHING...Customers have given up on EV's...
Yes.
@@Lightning77305 the most pathetic and literally “ illiterate “ reply , idiotic as is !
Voters have given up on the agenda behind ev s and the wretched speculators behind the whole climate lie. Acid rain, ozone holes, global warming, seas rising and climate change. Well fossil fuel did not run out as predicted in the 1970s etc fcking hell it is just the poor mis guided youth that got lost with the smart devices that buy into this rubbish. Bankers buy carbon bonds.
Provide statistics.
European customers are giving up expensive EVs .
Save the planet but not if it interferes with profits.
Right move. Don't dirty your EV.
Wonderful news! Europe is saved. Thank the Lord!
The fundamental issue here is if we want the EV at all, considering the deadly danger coming from Li-ion battery fires. I will never ever, ever own one.
China's access to oil is hampered by USA hegemonic war mongering. So it makes infinite sense for the Chinese to develop & perfect a substitute energy source. The EV market is not perfect, yet...but catching up very fast.
Not so with BYD batteries. Theirs are fire proof.
Exactly how many EV’s, globally, have caught fire and killed/injured anyone? Please provide full supporting evidence for each case. What % of EV’s sold have been affected?
@@janetbayford133 Are you for real? I do not work for you. Do your own research, please. And of course, put that EV into your garage and sleep well knowing "how rare" it can burn down your house, while you are sleeping.
@@vamoua4036 Of course, that's why the company is called BYD: Burn Your Driveway.
europe doesn't want them despite the political tantrums. this makes evs too expensive to own and run in europe so the public will not accept it. all over europe firms are crashing.
Tarriffs will simply make EVs more expensive to buy. I’m sticking with petrol.
The closest charging station from me is over 50 miles, 1 way. Within that same 50 miles there are a dozen gas stations. I wouldn't take an EV if you gave it to me. $75000 golf cart with an I-pad.
If they give you an EV for free, before you refuse it please give it to me. Can you make this promise?
Charging station is your government's problem. Not EV problem. Like here in US. Biden spent 10s of million and four years' time, built two charging station country wide and told us EV is dangerous and not suitable for American. Whose fault is this? EV?
Move house then
Good for you. You would be bad advert for EV manufacturers.
the closest charger should be in your own garage.
Who the competition fears will lose!
The tariffs are not a wise strategy. It will only slow down China 🇨🇳, not stop China.
Chinese does not have a Free & fair market...! 😢
EU can buy the expensive tesla. They are rich 😂
EU cannot be independent in battery production just because EU is lacking of RAW materials for producing batteries...
Tariffs work both ways. You tax us, we tax you. China is already adding tariffs on French brandy and Spanish pork.
There seems to be a conflict here. While job protection is important, so to is making affordable electric vehicles available to the public.
A real pickle we have gotten ourselves into with this international free trade thing. We promoted it when we could sell things and make lots of money (airplanes, gasoline cars, etc.), but when those people start selling things to us and making lots of money (EVs). Well, that just doesn't seem fair.
@@williamlewandowski129trade is never fair & free
I won’t buy an EV but the tariffs the EU apply simply makes EVs more expensive to euro citizens.
Western free market is free only if there is no real competition.
JLR's latest add will certainly end their presence in the UK. Like the 000's of other confused potential buyers, I have just watched the JLR rebranding TRIPE!!!!!! very little content about their vehicles, MORE ABOUT DIVERSITY, black on white.
Not for me........................Good bye !
They are overtaxing Chinese electric cars, of course, they have to leave that market.
Very good and smart analysis.
American manufacturers can't produce an affordable EV that people want, so why not let China sell in the US?
China produces cheap evs Because the government is in bed with BYD paying for R&D, manufacturering, shipping, slave labor. BYD has been given 250 Billion dollars since it was making batteries. China has said it wants to overtake the world ev market no matter what. They don't care about profits and margins and labor like the normal business world. Of course Tesla and others can't compete with that. I wish people would do research and find out why China has cheaper evs. If you allow them to sell evs in the USA market while basically undermining the market say goodbye to American jobs. At some point you have to draw the line on what is fair. Yes some American would love to buy a cheap car and they don't care what happens to GM Ford Tesla. Pretty sad actually
And we don't know what technology is in BYD for gathering Intel. We have enough car companies here and you can buy a few low cost evs now. More will come soon enough.
That is another thing Ford and GM should leave China immediately. They were all used so China could get our manufacturing methods and techniques. The Chinese people are buying their own brands now so we should get out. All the big banks are telling GM and Ford to get out.
All Chinese EV manufacturers are using mega presses cutting out hundreds of welds, making EV's frames, faster, stronger, quicker, lighter and CHEAPER.
Better quality at lower prices.
These presses are very expensive and production line must be redesigned for faster construction
BYD can travelling 2000km every top up
That's their hybrid, not a BEV.
@@robertgreen9614 Yes, the hybrid can go more than 2000km one one tankful of petrol and one charge.
@PhiloSurfer "Claimed range" I haven't read a report where anyone independent has done it yet?
Have you?
你没有睁眼看这个世界，不是每个人都要把报告送去给你看
Well EU..play Stupid childish games..win Stupid childish prices!!
Tariffs are backfiring
If china is pulling out of the European EV market, how will that effect the after sales service for people who have purchased a Chinese EV.
same as Audi in china
China is developing nation and doesn't afraid of China by European union
CHINESE ARE BUSINESS KINGS IF YOU DON'T BELIEVE IT BE READY TO RECOGNIZE
So weird how people think it's unethical for China to subsidize businesses _in their own country_ 🙄 like please learn just a little bit about history
Its about Export.Reading helps.
No-one cares if China subsisises their businesses. We just reserve the right not to buy your junk.
@@GrowboxTVChinese home market is massive....
Just excuses, every country subsidize their car industry.
EU applied EV tariff only hurt them self but need to obey order from US sorry for poor EU citizens
increase public transport is also a solution which require manufacturers and workforce.
it depends if we want to be a 1 person 1 car civilisation or if we can accept to wait 5 minutes for a public transport.
Hybrids are outselling BEV's in Europe and North America. Given a large advantage in range and no need for infrastructure, hybrids will continue to proliferate. Recent restrictions worldwide in allowable places to park BEV's, and the sharp decline in used BEV prices adds to the overly competitive playing fields in Europe and the US. The BEV only vehicle manufacturers will struggle to survive. With the change in the US administration, the directives to ban ICE engines will cease. The market share of new vehicles' in Europe and North America will dramatically shift to hybrids. The changeover to solid state batteries will close the gap with China. Japan and South Korea will lead this sea change.
BEVs are not the future,Hydrogen and alternative fuels along with new generations of ICE.
If the US and EU abandon this EV nonsense, China's car industry is toast. In any case RIP EV-only Jaguar.
@@iankuah8606 China thought of that possibility long ago, and has several IC Engines inpetto, which can use, gasoline, or natural gas, or hydrogen.The Chinese think ahead, they rarely sleep, and are difficult to toast
@@iankuah8606 its thriving everywhere else. U must have never been anywhere
Hybrids are half human half beast. We either drive BEVs or ICEs. You pay the price of an ICE and a BEV combined when you buy a hybrid, and you will use it as an ICE most of the time. Why do you charge your hybrid if you can top it up with gasoline/petrol? Hybrids are totally impractical.
Who in their right mind buy a three year old battery?
European car makers have been forced to invest billions into developing vehicles the market doesn't want and that are totally dependent on the goodwill of their main competitor. Not difficult to see how that pans out.
Anyone who has ever traveled to China 10 years ago and then recently can tell the difference. The sky used to be hazy before and now it's clear and blue. EVs do help the environment but they need substantial efforts and investment on the infrastructure to make them work. You don't save the planet just by making pretty PPT and yell how dare you.
EV's are the answer to a problem that does not exist. EV's do nothing to reduce emissions, when viewed in the Whole of Life context. They are huge users of resources, are emissions intensive to make and have not even half of the economic lifespan of a regular car. They do nothing better than regular cars, yet cost far more and depreciate far worse. That is why the car buying public globally still rejects them after over a decade, despite massive tax incentives, subsidies, price cuts and government enforced mandates. If EV's were better, the public would all have bought them with no need for all of that. Nobody had to mandate large screen TV's, Smart Phones or any of the other new tech, did they? No. Because those were all obviously better. Trump scrapping USA EV mandates and subsidies will be the nail in the mass adoption coffin of EV's and the rest of the western world will eventually follow.
If so, the West would continue to decline while the Global South would continue to prosper. The West would find out too late that when you don't compete fairly, you loose out in the long run.
@@adamiskandar5107 Yes, America will (eventually) do the right thing, once all other options have been exhausted -Winston Churchill.
The EV charging in front of home is like a ticking time bomb only thing that no one knows when it can explode suddenly. How many regular cars exploded while parking or during refilling in last 10 years.
If one is able to effortlessly produce then a trade tariff will benefit
The European and American EV makers can't afford to offer accessible prices for EV's whilst paying massive executive bonuses.
China’s stock for one EV got hammered and I was stuck holding the bag of batteries. I missed the peak price so took a loss.
I think it has to do with energy orices in Europe. In my country South Africa no Chinese EVs has been launched because if high energy prices. Chinese petrol cars are entering and will dominate soon(already at 25%) but no EVs gas been launched
Good, Europe should make cars without intention of going to the Chinese market. Really the designs sucked when they do that 😂
Europe can ride horses and donkeys for free.
Northvolt declared bankruptcy. Ford reducing EV production.
For the last 50 yesrs I was told only dictators impose high tariffs because they cannot compete.
Le combat entre le pot de terre et le pot de fer. L’UE ne comprendra jamais qu’il vaut mieux coopérer intelligemment que sanctionner .
Depend on what europe is going to achieve..???
Better climate or Economi... War or Peace...???
Suistanability or Temporary ... has his own path..., Which Efectiveness is Europe gone take...???
China has an over capacity of Electric Vehicles. Europe is a huge market so where does China find an alternative market?
WHAT HAPPENED TO GLOBAL WARMING? 😂😂😂😂😂😂😂😂😂😂😂😂
Why does not China retaliate the 100% tariff from US? There are lots of ICE Buicks etc in China.
Competent don't complain
Taxes in europe are high enough and would rise, with more job cuts in the automotive industrie. I prefer tariffs to all china products.
Well done China lot of better countries to do business with bravo 🎉🎉🎉🎉🎉🎉❤❤❤❤
Bring the Chinese ev to Australia very good
If chinese car dont sell out of china its a loss not for the Chinese OEM. Its a huge loss for CCP as these ev cars are subsidized by chinese party. Without subsidy the profit for each ev is not even 10 Yuan.🎉
Thank you China, come to Africa
Slowly and gradually China has overpowered western dominance of auto mobile sector.The EV advent in China got the boast from high tech batteries,where west was not catching up with China.Secondly cost comparison has given edge to Chinese EV giants in the world particularly EU and USA as a result west has increased the tariff on Chinese EVs,which is unfair.
China is gradually capturing global EVs market though quality, endurance and cost.The most prominent factors of Chinese EVs are batteries and attractive designs.
Certainly,China is leading the world in many other sectors Viz solar and aviation.
ccp subsidies
„Like and subscribe” are TWO buttons, not one!
I think there’s only one loser, “Greed,” the more they get the more they want.
The US has a 100% tariff in Chinezen EV’s.
I still don't get the point in EV's
Chinese EVs are craps, America's EVs are coming for Europe. Unfortunately, America's EVs are the crappiest
Silly childish comment, many Chinese EV are well built cars, selling in big numbers in many countries and taking market share away from many long established brands in china Market
Dont talk cock..go fark spider..
@daweigo6851 don't be so hurry in praising them, no one knows how they will be in 5,6,7 years😄 don't forget they are Chinese
just what u get from the trade, why trade for useless paper?
At some point the supply will have to be decommissioned.
No realistic end of life plan is more of a challenge than the products.
White Man talk with Forked Tongue 😢
this is EU not europe !!!!!!!!!
Chinese products will replace EU in the global south matkets, so EU will sell less products globally, so prepare for less jobs, less tax returns, less purchasing power for EU consumers
I don't care how expensive EV's get, I'm NOT every going to buy one.
As you will probably die before you have too. But your children and grandchildren will be buying them. Reminds me of the horse owner who swore he would NEVER buy one of those new fangled horseless carriages. And he didn't.
Sorry, EV cost less than ICE in China and 50%+ new sales.
Americans can stay with legacy products with heads inside the sand.
just lower your prices then they will choose western brands instead of chinese ones.
Tariffs means less market competition, less choices and higher prices. The consumers suffer.
Maybe they can sell cars to Russia. With some modification.
No mention that the EV dream is dead.
Am intrigued to find out what this recent discovery in California . I understand they dug hug amounts of lithium ,more than enough ? So will this do anything?
lithium is not rare, just need production facilities
@ Oh ok, the story i read in the UK was about this white gold .540 billion $ worth, discovered at the bottom of a giant lake in Southern California. The Salton Sea, which is the largest lake in the US and i think i read lithium was part of it ? And this was recently. Thats if i read correctly.
@@drstew1 yes, waste from geothermal power plant
@@mike_w-tw6jd Thanks. Clearly the article exaggerated?