Wednesday,  December 11 , 2024

Linkedin Pinterest
News / Business

Prospect of low-priced Chinese EVs reaching US from Mexico poses threat to automakers

By PAUL WISEMAN, AP Economics Writer
Published: June 27, 2024, 7:41am

WASHINGTON (AP) — It’s a scenario that terrifies America’s auto industry.

Chinese carmakers set up shop in Mexico to exploit North American trade rules. Once in place, they send ultra-low-priced electric vehicles streaming into the United States.

As the Chinese EVs go on sale across the country, America’s homegrown EVs — costing an average of $55,000, roughly double the price of their Chinese counterparts — struggle to compete.

Thank you for reading The Columbian.

Subscribe for only $99/year to get unlimited access.

Already a subscriber? Sign in right arrow icon

Support local journalism

Your tax-deductible donation to The Columbian’s Community Funded Journalism program will contribute to better local reporting on key issues, including homelessness, housing, transportation and the environment. Reporters will focus on narrative, investigative and data-driven storytelling.

Local journalism needs your help. It’s an essential part of a healthy community and a healthy democracy.

Community Funded Journalism logo
Loading...