this post was submitted on 21 Jul 2023
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Well prices should come down once competition from the Chinese manufacturers picks up. Hopefully at least.
In China you can get a VW ID.3 for 15000€ and a Tesla model 3 for 30.000€.
In China, you can get a VW ID.3 manufactured by a state-owned and subsidized company in China. The same is true for the Tesla Model 3.
Basically, the Chinese government is subsidizing electric car (and battery) production (and enforcing domestic protectionist policies) so of course the same version of the car is cheaper in China. The US goes with a different approach, by providing tax write-offs to people who purchase electric cars which is vastly less efficient (and more expensive to US taxpayers).
China hasn't subsidized the EV industry in years. Don't believe everything you hear from your 60 year old neighbour.
The fact is batteries have come down in price so much that that price of the car is absolutely economically viable. They are just milking us for all we are worth in the west.