A new hybrid vehicle from Chinese automaker BYD is outpacing American models with its combination of range and affordability, but it is unlikely to reach U.S. consumers anytime soon. This latest vehicle from the Beijing-backed company can reportedly travel over 1,300 miles without stopping. Priced at just $13,775, the vehicle is nearly three times cheaper with the ability to travel more than twice as far when compared to industry averages in the U.S.
The hybrid also boasts a fuel efficiency of about 80 miles per gallon, which translates to some substantial savings for drivers. BYD estimates that owners could save around $1,336 annually on fuel costs. Over a decade, these savings could offset the car’s purchase price, effectively reducing its net cost to zero.
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However, American consumers are unlikely to see these BYD hybrids in U.S. showrooms. The Biden administration has implemented a 100% tariff on Chinese electric vehicles, aiming to protect domestic automakers from foreign competition.
This policy is part of broader efforts to maintain the competitiveness of American car manufacturers. The U.S. government also reportedly pressured Mexican authorities to withdraw tax incentives for Chinese EV-makers looking to build factories south of the border, which had been viewed as a potential loophole for companies like BYD to enter the American market.
JACK ALYMER: THERE’S A NEW HYBRID THAT’S THREE TIMES CHEAPER AND CAN TRAVEL TWICE AS FAR.
BUT AMERICANS WILL PROBABLY NEVER GET THE OPPORTUNITY TO BUY ONE.
WHEN COMPARED TO INDUSTRY AVERAGES, THIS LATEST HYBRID MODEL FROM CHINESE AUTOMAKER B-Y-D IS WAY AHEAD.
ABLE TO COVER OVER 13-HUNDRED MILES WITHOUT STOPPING.
AND WITH RECORD SETTING FUEL CONSUMPTION, IT’S SAVING DRIVERS MONEY EVEN BEYOND THE INITIAL PURCHASE PRICE OF JUST 14 THOUSAND DOLLARS.
B-Y-D SAYS ITS NEW HYBRID LINEUP CAN HELP PEOPLE SAVE ALMOST 15-HUNDRED DOLLARS EVERY YEAR ON TRIPS TO THE GAS STATION.
SO, IF YOU BUY AND DRIVE ONE FOR 10 YEARS, THESE CARS WILL ULTIMATELY HAVE A NET COST OF ZERO.
IN THE U.S., THERE’S NOTHING THAT COMES CLOSE TO THE COMBINED EFFICIENCY AND ECONOMIC BENEFITS OF THESE NEW VEHICLES.
AND THERE PROBABLY WON’T BE FOR SOME TIME.
THE BIDEN ADMINISTRATION DOESN’T WANT THESE HYBRIDS TAKING BUSINESS AWAY FROM AMERICAN COMPANIES.
THEIR RECENT TARIFF INCREASE ON CHINESE EVS TRYING TO COME STATESIDE WAS JUST ONE OF MANY EFFORTS TO KEEP BEIJING-BACKED AUTOMAKERS OUT.
THE WHITE HOUSE REPORTEDLY EVEN PRESSURING THE MEXICAN GOVERNMENT TO TAKE AWAY THE TAX CREDITS THEY HAD PREVIOUSLY OFFERED TO CHINESE EV-MAKERS LOOKING TO SET UP SHOP SOUTH OF THE BORDER.
CLOSING WHAT HAD BEEN SEEN AS A BACKDOOR FOR B-Y-D AND OTHERS TO ENTER THE AMERICAN MARKET.
FOR MORE ON THE ONGOING TRADE WAR OVER ELECTRIC VEHICLES BETWEEN CHINA AND THE U.S. – DOWNLOAD THE STRAIGHT ARROW NEWS APP AND SIGN UP FOR ALERTS FROM ME – JACK AYLMER – TO GET THE LATEST.
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