You'd think someone (smart) at Honda would say... . "Excuse me, but Hyundai is this far And GM is THIS far So besides paying a third party to essentially assemble cars for us, we are, by proxy shipping the parts THIS FAR Around the world, paying extra for the privilege, and adding to pollution....🤔 Does this make sense??"
Imagine a car company deciding to make its own parts, even computer chips so they don't have to be reliant on outside sources. Oh wait we don't have to imagine that (its Tesla).
GM and Tesla had already sold their maximum allotment of electric cars for rebates Kia and Hyundai are just beginning to ramp up production and haven’t had the chance to sell the same amount of cars as the other guys and now with new tax credits once again for GM and Tesla and Ford.
I think you should investigate a little bit further...that $7500 you said is a subsidy to Hyundai and Kia is actually a tax incentive to the buyer of the vehicle...Hyundai and Kia doesn't see a dime of that money....Tesla and Chevy aren't being penalized....they've already sold their 200,000 electric vehicles so buyers don't qualify for the tax incentives on Tesla and Chevy EV's
My neighbor (who deeply dislikes Tesla) has a beautiful KIA Niro. They make a great car. I absolutely love it. Pretty cool practical car. I just wish it had a frunk. Lol Thanks Electric Viking ⚡️👍🙏. 🔌🔋✌️🥂❤️
As for me, I don't dislike Tesla, I dislike Elon Musk. While I am glad he has shown the world that EV's are a viable option, his arrogance and behavior has turned me off to ever buying a Tesla.
@@AeschylusShepherd Mamy disruptors who change the world have similar abrasive traits. We are better off because of them. I probably wouldn't want to hang with him either but cant deny his value and contributions. All power to him.
Toyota got my money and so did Lexus and Nissan and Mazda, it was Tesla’s turn and if I rewind the clock my vision seems to be 20/20 , when I crunch the numbers I realized I really shortchanged myself. Every single purchase was a mistake and should have been a Tesla. I don’t know Elon and I don’t care. The good people working for him deserve my praise and admiration. I am so very proud that I own a car that is outstanding in every metric that I measure a car and is made in my country. I got a lot of shit from Americans for decades being loyal to Toyota(mostly) and I always said when the USA makes a car better than a Corolla I WILL BUY IT. It never happened until Tesla ….. ironically the same people loyal to GM/ FORD and such dislike Tesla for an endless list of reasons. I love the F150 lighting ⚡️ I would buy one for a fair price immediately but I already spent my money on a Y. (BTW the worst vehicle I ever owned was an F150) I disappointed in Toyota/Lexus… and I refuse to condemn a company like Tesla because of one individual. I’m thankful of my opportunity to purchase all these vehicles and enjoy championing the ones that make the cut.❤ Cheers 🍻
It's actually "A contribution towards the assembly of imported components into Electric Cars" 😉.... "For a foreign manufacturer". The "American Manufacturing" is already happening in "their old plant down south".
This is a good thing. South Korea is a US Ally and they make great technology. Japan is way behind and China is a pariah. There is really no other choice.
So let me ask you this question, is a strong South Korea and Japan in the best interest of the USA in the Far East? This is the difference from BYD. We need to be supporting friendly nations around the world. Is supporting South Korea any different from getting battery resources from friendly trade nations? We are giving those countries our business as friendly trade partners rather than countries like China. “To be eligible batteries have to contain a level of critical minerals extracted or processed in any country the US has a free trade agreement with or recycled in North America.” So we are supporting South Korea as a free trade partner, just in a different way from preferred critical mineral countries. I don’t see any difference. ❤️❤️❤️
I want to apologize if I’m making a political statement. It was not my intention. My intention was to try and give an explanation as to why the US government would back Hyundai. It was not my intention to address the issue of fairness with how each car company is treated by the US government. I will be more careful with my comments in the future. I love your channel. Thanks! ❤️❤️❤️
nowadays, there aren’t many things made in the US. americans are most mainly interested in buying stuff, not making stuff. it is kind of addictive to buy stuff with money printed from thin air.
Hi EViking - I cant remember which video you said Tesla is selling the Y for $41k in Europe but I am afraid that does not seem accurate. The cheapest I can see is in Germany and after deducting 19% VAT it is abot $45k. In China I am not sure if the price includes VAT/Tax but if it does that is very surpising because the Y is just underr $39k. Would be good to do a thorough cost comparison. If Tesla can get the Y down below $40k globally it is going to make competition very difficult indeed (not that it isn't already).
Fact: Hyundai can't even make enough Ioniq 5 models in the U.S. and Canada; you have to wait months and months. Fact: Hyundai can't get enough sensors for the Ioniq 5; instead of HDA 2, new owners only get HDA 1.5 costing more $. HDA is Highway Driving Assistance. Fact: Hyundai need to look after their own customers first.
I completely support deeper ties and economic links to South Korea and South Korean companies. They are our friends and allies and are not an antagonistic nation to US interests. I do not want some kind of fortress America nonsense. There is some merit to having local production to critical infrastructure and that can include automotive parts, but that does not mean shutting out south Korean goods. with chips from Taiwan we are encouraging a US based fab, but tsmc will still be selling chips produced in Taiwan. I am far less concerned about South Korea using their supply chains to coerce the US like Russia is trying to do to Europe over Ukraine than I am china trying to use its production and supply chains to bring the nation's of the world to heel over some future dispute with Taiwon. So more ties with South Korean companies, not less. I want US subsidies to go to them too if they produce things we value.
I'm Korean. Korean cars always catch on fire. Read the news, guys. US is recalling 3 million hyundai kia vehicles due to fire I never buy Korean cars. Also, Lg batteries cause 2 billion dollars loss to GM I'm honest Korean person
The US government is funding both sides. More taxpayers dollars go to the tailpipe industry than electric. Funding Tesla is not the solution, they need to stop funding everybody and let the market decide
Musk deserves more credit but he also made it political by attacking California, Biden, Ocasio-Cortez. And he’s not exactly pro labor so expecting synergy with the pro union Biden admin would be naive. But Tesla can keep kicking ass with or without more official recognition. Overall the current admin is hella good for Tesla and the EV transition.
@@JeffMathias You wrote that Musk "made it political by attacking California, Biden, Ocasio-Cortez." I was under the impression that Musk *counter* attacked, that is, he was not the one who picked the fights.
A you know GM and Tesla are going to get the lion share of the new EV incentives for now. P.S. China is an active geopolitical competitor and challenger to the U.S. where S. Korea(한국) is an Ally
You had better do a bit more studying on the Geo political landscape between the United States and China. The government of China is definitely a very bad actor PERIOD! They are all about crushing the human spirit. Think about it,it’s a dictatorship 😩
Oh Tony, the Chinese take a longer view of certain things. Tesla has grown, Tesla employs millions of Chinese either directly or indirectly, Tesla is a net exporter of Tesla products to the rest of the world. Yes Europe, Asia, And Africa are getting their Teslas from CHINA! China is smart enough to use other people and companies in order to grow their own domestic and International presence. I am not a fan of China’s direction but I understand it. We in the U.S. either don’t know or don’t see how much blood and treasure has gone into propping up tyrannical, undemocratic, human rights violating govts over the centuries. That however is a different discussion for a different time.
No, just Tesla is. (Unless someone finds a "loophole") . I predicted this would happen. They would try to shut Tesla out (because...."different") but then it would become "politically necessary/expedient/ profitable/ wise/ unavoidable" (pick your words) to do so, because there's more to be gained by just having the laws in place. . There WAS no loophole.
@@tonylee9363 That's a Semi valid point (unintended Tesla pun?), but meanwhile Tesla is doing a ton of business, making more profit (mainly from the Shanghai factory?) and exporting a lot of the resultant wealth out of China? Including no doubt paying for the Austin factory and associated jobs? (Hasn't Elon Musk paid a HUGE tax bill based on those profits? 🤔)
I am not sure why you are re-litigating an issue decided 40 years ago. When Honda and Toyota and others started selling substantial volumes of cars in the US. The US government said “we will let you compete in this large market, but you have to manufacture cars in the US if you want to sell lots of cars in the US. 40 years later that is still the deal, and it in general is a better deal than these other countries provide for US manufactured products. And you are not going to send Honda back to Japan, because states where they are manufactured have paid a lot of money to attract them. Suppliers to Honda make lots of parts used in Harley Davidsons. I In short south Korea😂 is a preferred supplier because they are more open in their business dealings (they play more fair) than do Japan or China. It is a fantasy to believe that every part in your US made auto, down to the mining of Iron Ore and lithium was made in the US! That is the current state of capitalism in a world economy!
"Often" ? Not according to the statistics that are published. And ICE cars actually statistically catch fire way more often. Chevy Bolt 18 fires and about 12 or 13 of those confirmed and linked to the defective cell issue. So not sure where you are getting your info from? Mike 🇨🇦
Hey Sam, unless you have US government intelligence insiders feeding you info, I think it’s disingenuous to claim that Korean corporations are as risky to national security as Chinese companies. Korean car makers won’t allow for Chinese espionage but I’m sure the US will have the ability. Otherwise, love the channel and admire your commitment. “Where Reporting EV news is your sport and time is your competitor.”
GM is the walking dead they haven't learned a thing from Tesla - make as much as you can at the plant but the MBA's keep whispering "You can save $1 a car if you let 200 suppliers all over the world bid and the lowest guy wins" R.I.P. GM
@@JeffMathias True and the managers who OK'd the idea was probably an MBA too and not engineers who could easily see where Supply Chains can get you into a lot of trouble. MBAs now know what a Supply Chain is but yet....
![fellow fellow - พรุ่งนี้ไม่มีใครรู้ feat. INK WARUNTORN [OFFICIAL MV]](http://i.ytimg.com/vi/QP6JyjYx_W0/mqdefault.jpg)
Imagine being Honda having GM make you EVs made from Hyundai parts. That's a heck of a lot of phoning it in.
You'd think someone (smart) at Honda would say...
.
"Excuse me, but Hyundai is
this far
And GM is
THIS far
So besides paying a third party to essentially assemble cars for us, we are, by proxy shipping the parts
THIS FAR Around the world, paying extra for the privilege, and adding to pollution....🤔
Does this make sense??"
Imagine a car company deciding to make its own parts, even computer chips so they don't have to be reliant on outside sources. Oh wait we don't have to imagine that (its Tesla).
US gov, GM and all of us including Australia should be supporting our friends in South Korea and Japan
*GM or the US in general has no battery technology even Tesla (rely on Panasonic)*
what happen vertical integration? bean counters with MBAs.
GM and Tesla had already sold their maximum allotment of electric cars for rebates Kia and Hyundai are just beginning to ramp up production and haven’t had the chance to sell the same amount of cars as the other guys and now with new tax credits once again for GM and Tesla and Ford.
I think you should investigate a little bit further...that $7500 you said is a subsidy to Hyundai and Kia is actually a tax incentive to the buyer of the vehicle...Hyundai and Kia doesn't see a dime of that money....Tesla and Chevy aren't being penalized....they've already sold their 200,000 electric vehicles so buyers don't qualify for the tax incentives on Tesla and Chevy EV's
That’s called a penalty because it’s designed to exclude certain parties….
Isn't actually a "point of sale discount"?
@@rogerstarkey5390 not yet until 2023
*Do you know how many subsidies Tesla enjoy selling cars in China, it took 40% of all subsidies*
My neighbor (who deeply dislikes Tesla) has a beautiful KIA Niro. They make a great car. I absolutely love it. Pretty cool practical car. I just wish it had a frunk. Lol
Thanks Electric Viking ⚡️👍🙏. 🔌🔋✌️🥂❤️
Why would someone deeply dislike a brand like Telsa... Odd. Kia make great EV cars too.
As for me, I don't dislike Tesla, I dislike Elon Musk. While I am glad he has shown the world that EV's are a viable option, his arrogance and behavior has turned me off to ever buying a Tesla.
@@AeschylusShepherd Mamy disruptors who change the world have similar abrasive traits. We are better off because of them. I probably wouldn't want to hang with him either but cant deny his value and contributions. All power to him.
Elon is a con artist
Toyota got my money and so did Lexus and Nissan and Mazda, it was Tesla’s turn and if I rewind the clock my vision seems to be 20/20 , when I crunch the numbers I realized I really shortchanged myself. Every single purchase was a mistake and should have been a Tesla. I don’t know Elon and I don’t care. The good people working for him deserve my praise and admiration. I am so very proud that I own a car that is outstanding in every metric that I measure a car and is made in my country. I got a lot of shit from Americans for decades being loyal to Toyota(mostly) and I always said when the USA makes a car better than a Corolla I WILL BUY IT.
It never happened until Tesla ….. ironically the same people loyal to GM/ FORD and such dislike Tesla for an endless list of reasons. I love the F150 lighting ⚡️ I would buy one for a fair price immediately but I already spent my money on a Y. (BTW the worst vehicle I ever owned was an F150) I disappointed in Toyota/Lexus… and I refuse to condemn a company like Tesla because of one individual.
I’m thankful of my opportunity to purchase all these vehicles and enjoy championing the ones that make the cut.❤
Cheers 🍻
good point: 11:02 "however the truth is here all of this is contributing towards a Revival in America manufacturing of electric cars ..."
It's actually
"A contribution towards the assembly of imported components into Electric Cars" 😉.... "For a foreign manufacturer".
The "American Manufacturing" is already happening in "their old plant down south".
This is a good thing. South Korea is a US Ally and they make great technology. Japan is way behind and China is a pariah. There is really no other choice.
GM is leading. No worries.
That was last month…..::::president Biden is th leader now
So let me ask you this question, is a strong South Korea and Japan in the best interest of the USA in the Far East? This is the difference from BYD. We need to be supporting friendly nations around the world. Is supporting South Korea any different from getting battery resources from friendly trade nations? We are giving those countries our business as friendly trade partners rather than countries like China. “To be eligible batteries have to contain a level of critical minerals extracted or processed in any country the US has a free trade agreement with or recycled in North America.” So we are supporting South Korea as a free trade partner, just in a different way from preferred critical mineral countries. I don’t see any difference. ❤️❤️❤️
I agree GM , US Gov and all of us including Australia should be supporting companies from friendly countries
I want to apologize if I’m making a political statement. It was not my intention. My intention was to try and give an explanation as to why the US government would back Hyundai. It was not my intention to address the issue of fairness with how each car company is treated by the US government. I will be more careful with my comments in the future. I love your channel. Thanks! ❤️❤️❤️
It already cost GM over a billion dollars for LG's manufacturing mistakes. Typical GM business judgement....
Nope LG paid for almost all the $1 Billion issue on the Bolt
nowadays, there aren’t many things made in the US. americans are most mainly interested in buying stuff, not making stuff. it is kind of addictive to buy stuff with money printed from thin air.
I thought GM used Delphi/Aptiv
Hi EViking - I cant remember which video you said Tesla is selling the Y for $41k in Europe but I am afraid that does not seem accurate. The cheapest I can see is in Germany and after deducting 19% VAT it is abot $45k. In China I am not sure if the price includes VAT/Tax but if it does that is very surpising because the Y is just underr $39k. Would be good to do a thorough cost comparison. If Tesla can get the Y down below $40k globally it is going to make competition very difficult indeed (not that it isn't already).
It is 41,000 euro excluding VAT in the Netherlands.
@@electricviking You are right - amazing. I wonder why they have kept it higher in germany and herein Denmark (where it is still 48k after VAT)
What happened to BORG--WARNER?
Were they assimilated(?)
.
.
Sorry, I'll get my coat
A big issue is that LG batteries are still more prone to fire than CATL batteries, even with recent improvements, aside from being less efficient.
Don’t get me wrong, electric cars even with the LG batteries (improved) are still less prone to fire than gasoline cars.
Fact: Hyundai can't even make enough Ioniq 5 models in the U.S. and Canada; you have to wait months and months.
Fact: Hyundai can't get enough sensors for the Ioniq 5; instead of HDA 2, new owners only get HDA 1.5 costing more $. HDA is Highway Driving Assistance.
Fact: Hyundai need to look after their own customers first.
It's a bunch of squid game.... I'm waiting for the flying car from Japan.
I did not know this, crazy to think of it...
I completely support deeper ties and economic links to South Korea and South Korean companies.
They are our friends and allies and are not an antagonistic nation to US interests. I do not want some kind of fortress America nonsense.
There is some merit to having local production to critical infrastructure and that can include automotive parts, but that does not mean shutting out south Korean goods.
with chips from Taiwan we are encouraging a US based fab, but tsmc will still be selling chips produced in Taiwan.
I am far less concerned about South Korea using their supply chains to coerce the US like Russia is trying to do to Europe over Ukraine than I am china trying to use its production and supply chains to bring the nation's of the world to heel over some future dispute with Taiwon.
So more ties with South Korean companies, not less. I want US subsidies to go to them too if they produce things we value.
I'm Korean.
Korean cars always catch on fire. Read the news, guys.
US is recalling 3 million hyundai kia vehicles due to fire
I never buy Korean cars. Also, Lg batteries cause 2 billion dollars loss to GM
I'm honest Korean person
We all know that the GM Dolt is 56% " LG Inside", yes majority of those bolts are made in South Korea, how NUTty is that.
Massive joblosses at gm cities
If the Republicans get the "Floor' will this subsidy thing be overhauled?
The US government is funding both sides. More taxpayers dollars go to the tailpipe industry than electric. Funding Tesla is not the solution, they need to stop funding everybody and let the market decide
Not surprised. Tesla was the only American company to research and build electric vehicles. The US govt does not acknowledge this innovation.
Musk deserves more credit but he also made it political by attacking California, Biden, Ocasio-Cortez.
And he’s not exactly pro labor so expecting synergy with the pro union Biden admin would be naive.
But Tesla can keep kicking ass with or without more official recognition. Overall the current admin is hella good for Tesla and the EV transition.
@@JeffMathias You wrote that Musk "made it political by attacking California, Biden, Ocasio-Cortez." I was under the impression that Musk *counter* attacked, that is, he was not the one who picked the fights.
A you know GM and Tesla are going to get the lion share of the new EV incentives for now. P.S. China is an active geopolitical competitor and challenger to the U.S. where S. Korea(한국) is an Ally
Chinese gov give supports to American EV maker Tesla to grow in China，maybe they don't see the US as an active geopolitical competitor？
You had better do a bit more studying on the Geo political landscape between the United States and China. The government of China is definitely a very bad actor PERIOD! They are all about crushing the human spirit. Think about it,it’s a dictatorship 😩
Oh Tony, the Chinese take a longer view of certain things. Tesla has grown, Tesla employs millions of Chinese either directly or indirectly, Tesla is a net exporter of Tesla products to the rest of the world. Yes Europe, Asia, And Africa are getting their Teslas from CHINA! China is smart enough to use other people and companies in order to grow their own domestic and International presence. I am not a fan of China’s direction but I understand it. We in the U.S. either don’t know or don’t see how much blood and treasure has gone into propping up tyrannical, undemocratic, human rights violating govts over the centuries. That however is a different discussion for a different time.
No, just Tesla is. (Unless someone finds a "loophole")
.
I predicted this would happen.
They would try to shut Tesla out (because...."different") but then it would become "politically necessary/expedient/ profitable/ wise/ unavoidable" (pick your words) to do so, because there's more to be gained by just having the laws in place.
.
There WAS no loophole.
@@tonylee9363
That's a Semi valid point (unintended Tesla pun?), but meanwhile Tesla is doing a ton of business, making more profit (mainly from the Shanghai factory?) and exporting a lot of the resultant wealth out of China? Including no doubt paying for the Austin factory and associated jobs?
(Hasn't Elon Musk paid a HUGE tax bill based on those profits? 🤔)
I am not sure why you are re-litigating an issue decided 40 years ago. When Honda and Toyota and others started selling substantial volumes of cars in the US. The US government said “we will let you compete in this large market, but you have to manufacture cars in the US if you want to sell lots of cars in the US. 40 years later that is still the deal, and it in general is a better deal than these other countries provide for US manufactured products. And you are not going to send Honda back to Japan, because states where they are manufactured have paid a lot of money to attract them. Suppliers to Honda make lots of parts used in Harley Davidsons. I
In short south Korea😂 is a preferred supplier because they are more open in their business dealings (they play more fair) than do Japan or China. It is a fantasy to believe that every part in your US made auto, down to the mining of Iron Ore and lithium was made in the US! That is the current state of capitalism in a world economy!
Korean ternary lithium batteries often catch fire. Hyundai Motor and General Motors used lg batteries, and there were large-scale car recalls.😂😂😂😂
"Often" ? Not according to the statistics that are published. And ICE cars actually statistically catch fire way more often. Chevy Bolt 18 fires and about 12 or 13 of those confirmed and linked to the defective cell issue. So not sure where you are getting your info from?
Mike 🇨🇦
@Doramutong even the Korean battery manufacturers obtain sources for their batteries from China; cathode and refined lithium for instance.
@@michaellippmann4474 What I said is that lg batteries are more likely to catch fire than Panasonic and catl batteries.
@@hi4806 ah my apologies I read that you said they "often catch fire"...which of course we all know is not correct...
Have a good night!
Mike 🇨🇦
Please advise % of parts, made within the USA, and % of parts made outside the USA .
Hey Sam, unless you have US government intelligence insiders feeding you info, I think it’s disingenuous to claim that Korean corporations are as risky to national security as Chinese companies. Korean car makers won’t allow for Chinese espionage but I’m sure the US will have the ability. Otherwise, love the channel and admire your commitment. “Where Reporting EV news is your sport and time is your competitor.”
GM is the walking dead
they haven't learned a thing from Tesla - make as much as you can at the plant
but the MBA's keep whispering "You can save $1 a car if you let 200 suppliers all over the world bid and the lowest guy wins"
R.I.P. GM
Sandy Munro says the MBAs have killed legacy automakers.
@@JeffMathias True and the managers who OK'd the idea was probably an MBA too and not engineers who could easily see where Supply Chains can get you into a lot of trouble.
MBAs now know what a Supply Chain is but yet....
Hyundai and Kia have the most car fires of all time.. lousy quality
Over the last 4-5 years? It's probably Toyota! (ICE cars!) 😉