Summary
Chinese electric cars are growing in popularity worldwide, but they face challenges in the U.S. and Canada due to high tariffs. These trade barriers make Chinese electric vehicles much more expensive in North America compared to other places.
Key Facts
- A new factory opened in Brazil by China's BYD, the largest electric car maker.
- BYD is a sponsor at the COP30 climate summit in Brazil.
- China has a large presence at the COP30 summit, while the U.S. government does not.
- President Trump called climate change concerns a "hoax."
- Trade barriers from the Biden administration make Chinese electric cars expensive in the U.S. and Canada.
- China produced 12.4 million electric cars in 2024, with 40% of exports going abroad.
- Tariffs on Chinese electric cars in the U.S. and Canada are over 100%.
- High tariffs make a $30,000 Chinese EV cost at least $60,000 in the U.S. and Canada.
