PJ, China quit subsidizing EVs in 2022. They utilized the same type of incentives we did. The Chinese government paid consumers who purchased an EV a rebate. The Chinese government rebates were smaller than the US government's EV consumer rebates.
BYD, China's best-selling EV producer, has a small 4-door EV that sells for 10k to 12k depending on the options one selects. It has a 250-mile range. It isn't a bare-bones offering either. Think about how life-changing a new 10k car would be for those in the lower end of the American middle class and even those who don't quite make the middle-class cut. It would provide them with reliable and affordable transportation. Think about how much quicker we would be able to make the transition from gas to electric with EVs like this. Hell I'd buy one because it is such an outstanding value.
GM and Ford blew it. They didn't build the EVs that the typical EV consumer wanted. Ford built a 100k F-150 that is incapable of towing anything and a 50k 4-door and called it a Mustang. GM built a 120k Hummer and a 60k Cadillac. They both went for the high-end EV vanity car buyer which is a very small market. It is no mystery why they aren't selling.
GM, Ford and Chrysler have no interest in building low-cost EVs. Chinese companies do so they aren't even direct competitors. GM, Ford and Chrysler don't even have any new low-cost EVs in the pipeline. Their whole strategy was to slowly convert their high-margin vehicles to EVs so they could maintain that 15k or more profit margin that they get on each SUV and full-size truck they sell. That strategy has failed and now they have nothing. If we keep depending on domestic manufacturers to build mass market EVs we won't ever make the transition from gas to electric.
And I am sorry but Tesla builds shit cars. They lied about the range and even monkeyed with the computer so the car would report a higher remaining range to the driver. The fit and finish of a typical Tesla is comparable to the fit and finish of a 1970s era kit car. The body panels don't line up. Small fender benders that would result in a $1500 repair bill on most cars end up costing over 10k on a Tesla and then there is the perpetual shortage of parts which results in owners' cars being in the shop for months at a time because there aren't any parts to fix them.
After watching some You Tube videos, I am sold. I want to buy one of these 12k Chinese EVs.
https://youtube.com/shorts/Lmyw2qFw0gg?si=2sogf305Fp9lTBen