Why U.S. Carmakers Fear China’s Affordable EVs: A Looming Industry Challenge

U.S. carmakers are worried about Chinese automakers because they produce high-quality EVs for under $20,000, while American companies struggle to produce affordable options under $25,000. Currently, 100% tariffs are keeping Chinese EVs out of the U.S. market, but once these barriers fall, American automakers could face severe competition unless they develop more budget-friendly EVs. China’s EV market is already the largest and fastest-growing, making their entry into the U.S. a significant concern for the industry.