EV Cars/Trucks

[Couch-Potato]

Originally Posted by DaFace

I'm starting to be a little worried about how much progress Chinese EV companies are making. We'll probably end up regulating them out of having much of an impact in the U.S., but they could take a real bite out of U.S. manufacturers' global car sales. Based on sales trends outside the U.S., other countries don't seem to have as many aversions to EVs as U.S. consumers do (some of which makes sense given how much more spread apart people are here).

I'm curious to ask why? Do you work in the automotive industry? Buy their stock? ...I don't see how China producing affordable EV cars is bad for the average global and/or US consumer. The price of US vehicles, specifically, have absolutely sky-rocketed in recent years! I was in love with the idea of buying a jeep, when I was a kid it was super cool to drive a beat up wrangler, the low end wranglers now cost something like $60k and the top end wrangler goes for a whopping $100k+ after taxes!!!??? WTF!? It's not a ****ing house! I'd argue that Chinese competition might help reduce the rate of YOY price increases on similar US vehicles and offer a tiny piece of the total solution for dampening the inflation we're currently seeing in that market.