Will New Tariffs MASSIVELY Drive Up The Cost Of Electric Vehicles?
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- เผยแพร่เมื่อ 17 พ.ค. 2024
- If you can't compete fairly then just change the rules. That's the philosophy that dominates American business and so it really isn't surprising to see tariffs imposed that will MASSIVELY increase the cost of electric vehicles. So to find out what's going on, stick around as Dave Takes It On.
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Dave Takes It On was founded in 2023 and focuses primarily on content about electric vehicles and issues that impact drivers. Dave is based in the North West of the UK and owns a Tesla Model S. He regularly travels around the country, so if you see him feel free to say hello. The channel is supported by his son Jonas, who helps with thumbnails, titles, and technical aspects of the channel.
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"The Chinese make really good cars"
Just saving that for posterity.
I own a BYD and the quality is OUT OF SIGHT...You will eat your own words when you get to drive one.
Ospery are doing a fantastic job as they are working with the motability scheme. Please cam i talk about how they are working to.help the disabled people here in the uk in one of it videos please thanks Dave
Protectionism indeed, but the best bit is it steers the US public towards Tesla.
So all the other manufacturing sectures that have been decimated by cheap chinese imports were fair game, but automakers get special treatment, sounds fair.
One recent upload was about Tesla buying in huge amounts of cheap batteries (not ‘cheap and nasty’ but cheap because of over-ordering by some in the market). Maybe that might be connected to this new up-coming tariff increase?
US made batteries being sent to Mexico, for inclusion in Mexican-made Teslas, to ensure adequate US content to avoid extra import tariffs for the Mexican production? I expect the accountants have already sussed it out, to make even more profit from the changing market conditions.
I think enforcing joint ventures for foreign businesses is the answer if a compulsory local share is not less than 50%. So both parties are encouraged to do right business. Might be upping up the regulations for the distribution and maintenance / point of local contact (accessible dealership, etc) will be a better option than blank tariffs. It is not good for locals to be undercut but in the other hands what when locals overprice or form a cartels to manipulate the price and outcomes because of lack of competition or tariffs. It seems to me that a strict joint ventures local and importer is good way to go.
The US has already said that Chinese vehicles made in Mexico will be taxed.
I’m not saying you are wrong Dave but be careful about telling people when they should or shouldn’t be buying shares, it could be seen as offering financial advice
The US could simply put the various manufacturers on it's "Entity List".
Cheers Dave
Afternoon mate
To be fair though, the Chinese govt is subsidising overseas sales of EVs of its EV manufacturers. Its 6 of one and half a dozen of the other. China could retaliate but as it has a trade surplus with the USA, it would lose out more in a trade war. Not many Chinese EVs are sold in the USA anyway. I think the battery tarrifs is going to have the bigger impact.
What the US needs to so is subsidise their manufacturers.
Copy what the Chinese are doing because it seems to be working.
It’s simply not true for the USA Gov the Tariffs are there to force the EV makers to come to the USA and as you say make a locally produced car… Sadly the USA seems to hate Tesla, world leaders in Engineering, EV and battery energy storage tech else USA car manufacturing like Ford would be partners to accelerate ICE makers in the USA to EV there is still some time and lots of scope for this. The IPO launch shows where the money is going to make short term profit….
Problem is the cheap Chinese EV's are not when they reach the UK. If they had been £20-30 thousand. or £10,000 less then the rest there would be a lot more sold. It is strange that all that will happen is the cost of things will go up for the US. Apple makes iPhones in China and uses batteries so are they going to be affected as well??
You can’t buck the market. No subsidies, sell the car at cost plus and if it won’t sell stop making it!
What it that was applied to petrochemical and ICE?? Both have enjoyed a fair old bucket of tax payer coinage??
What about if Chinese reduce the price of a car to $10 000, then 100% tarif would be $10 000 and the car would be costing only $20 000, still cheap.
That’s what they are likely to do so we still get cheap cars
Maybe not EV's coming out of the UK, USA and Germany aka Teslas
Tesla also have a massive factory in China that they export from.
LG is South Korean not Taiwanese or Japanese.
I like your podcast generally, this time you are out of your depth. There is a trade agreement between Mexico and USA
NAFTA (US, Mexico & Canada free trade)
There is a one simple flow of your argument, Dave. US manufacturers will never be able to compete with Chinese on price, simply because of the cost.
Tesla robots will.
@@paulbuckingham15 and who will manufacture them? Make no mistake, Elon has no allegiance to US
I'm a fan of your channel normally because you publish well researched facts this was too waffle y and simplistic I think you should focus on your strengths
I am not sure protectionism works. Admittedly the US does not produce much of anything apart from Oil, LPG and some grain. A bit like Russia in a way. The US puts tariffs on Chinese EVs, Europe applies much lower tariffs and invites in Chinese companies to build factories tariff free. China signs long term grain imports from Southern America. Arguably the US loses out. So many things are interrelated.
America spends more on pool supplies than Russia's entire economy.
Dave, why haven’t you bought a Chinese car if they’re so good?
Dave lives in UK where they have high taxes on cars. I live in Australia and taxes are lower. My BYD is well made and cheap. This is the future.
So the American government has not thought it through correctly, but you did. It is easy to sit on the sideline and complain. Something had to done, and it was. Perfection is the enemy of the good
tit for tat
You don't think it's going to work. Oh well you are the expert, not people who are running big companies, and countries. Bummer, Pub talk again.
Aren’t many of the big companies that are run by the experts going bust at the moment? Oh and also have done throughout history?