Panasonic Holdings , which supplies Tesla , said on Monday it had cut automotive battery production in Japan in the September quarter and shrank the division's annual profit forecast by 15%, underscoring a global slowdown in EV sales.
There are many relatively cheap EVs sold around the world like the MG4 , BYD dolphin that cost around USD $35000 that come with 5 star Euro NCAP crash ratings so they are not some glorified golf cart with doors.
You can’t find them in the US because Chinese cars come with a 27.5% import tariff.
The US car market in my opinion will probably resemble their smartphone market in a few years time with Tesla (Apple) and a few korean cars (Samsung). While the rest of the manufacturers will go the way of Nokia & Blackberry.
There are many relatively cheap EVs sold around the world like the MG4 , BYD dolphin that cost around USD $35000 that come with 5 star Euro NCAP crash ratings so they are not some glorified golf cart with doors.
https://www.euroncap.com/en/results/mg/4+electric/48646
https://www.euroncap.com/en/results/byd/dolphin/50011
Or a Citroën ë-C3 if you assume only Chinese cars can be that cheap.
https://www.motor1.com/news/691778/2024-citroen-e-c3-debut-europe/
You can’t find them in the US because Chinese cars come with a 27.5% import tariff.
The US car market in my opinion will probably resemble their smartphone market in a few years time with Tesla (Apple) and a few korean cars (Samsung). While the rest of the manufacturers will go the way of Nokia & Blackberry.