America Is Missing Out On The Best Electric Cars

To buy an electric vehicle in the USA is an embarrassment for wealthy people. In the USA, almost every big car manufacturer has an electric car model. You can easily purchase a Nisan Lead or Chevy Bolt for less than $30,000. Moreover, you can also buy Porsche Taycan for around $200,000. Plus, you can get an electric pickup truck from Rivian, Tesla, or Ford, a medium-sized five-seater for Kia, Hyundai, or Volkswagen at a reasonable price. In short, there are many more, and it is quite exciting. However, do you know what electric car you can not buy effortlessly in the USA? A changli Freeman. This electric vehicle is $1200, which is one of the cheapest cars in the world. 

Changli Freeman has a top speed of about 25 miles per hour. Also, this car’s battery life is around 27 miles. It has a radio that plays MP3s, a roof rack, and even a backup camera. You can use it for plenty of things other than transportation needs. Here, a question arises, ‘Why America is missing out on the best electric cars?’. To get a detailed answer to this question, keep reading this article.

Why is America Missing Out on the Best Electric Cars?

Many reasons can answer the question, ‘Why is America missing out on the best electric cars?’. One of the main reasons for this is America does not have much variety of electric cars. For instance, America has 50 kinds of fully electric vehicles available, and it seems like a lot. On the other hand, if we take the example of China, they have around 235 filing virtually every probable nice for price, technology, utility, price, and much more. 

It is said that ‘Chinese customers in the vehicle market are the luckiest electric car customers in the world. Besides, if you are thinking that you may be able to purchase these vehicles as you buy other Chinese-made products, then you are dreaming. The prime reason for this is without China, the USA’s sole shift to cleaner vehicles may be slower.

EV Affordability USA vs China

Let’s shed light on EV affordability USA vs China. If you look at the EV vehicle market analysis, the electric cars of China are getting cheaper. On the other hand, there is a reverse case in the US and Europe. According to JATO, the average price of electric cars between 2015 and 2022 has increased from $48,942 to $63,622 in the USA while going down from $66,551 to $31,702 in China. A more worrisome thing is that electric cars remain way more costly than gasoline, with 43% in the USA and 27% in Europe.

However, the balance is quite the contrast in China. In China, electric cars are already cheaper than ICE-powered cars by an amazing 33%. Now you know the electric cars cost comparison in the USA and China. We explained that electric cars in China are getting cheaper, and the reverse is happening in Europe and the USA. This will come as no wonder to shareholders in General Motors, Ford, Mercedes, and Volkswagen. These have seen stock prices strike after ambitious sales targets for electric costs stumbled.

However, European customers will be more stressed than American customers. The prime reason for this is the Biden administration’s demands. It implies that electric car buyers can only claim a $7,500 tax credit if the electric car batteries contain critical minerals sourced in the USA and specific components made in North America. However, there are no such restrictions in Europe, although Europe, in examining China’s sale of electric vehicles, may need anti–dumping action.

Now, you should understand one of the major reasons ‘why America is missing out on the best electric vehicle?’. The lower prices of electric cars in China as compared to other countries make them more accessible to the average customer. 

Reasons Why Electric Car Prices are Lower in China

There are many reasons behind the fact that America is missing out on the best electric cars. As we said earlier, the major reason is the price of electric vehicles in China and America. The West focuses more on luxury, while China focuses more on necessity. There are many other reasons why America is unable to compete with China in electric cars. Following are the most obvious reasons why electric vehicle prices are lower in China are the outcome of: 

• Lower production cost of electric vehicles
• Government Incentives in China
• Different customer preferences ( Western customers intend to prioritize high-end and luxury features in their cars, which can boost the price. 

Furthermore, the most influential read-in for the lower price of electric cars in China is usually ignored by the mainstream. That reason is the power China has over raw materials for electric car battery manufacturing. This is the main reason why electric cars are cheaper in China.

The Impact on America’s Transition to Cleaner Vehicles

America’s lack of access to Chinese electric vehicles and limited choices of electric cars may restrict its transition to cleaner cars. As we said earlier, there are 50 types of fully electric vehicles in the USA. On the other hand, China possesses 235 models. These models entertain every niche possible, be it utility, luxury, price, and technology. An expert on the Chinese car market said China’s customers are so lucky to have a wide variety of electric cars to select from. 

However, for Americans, the ambition of being capable of buying these electric vehicles easily remains inaccessible. This inability to purchase the best electric cars from China could potentially slow down Americans’ struggle to adopt cleaner transportation. 

Conclusion

You may have gotten the answer to the question, ‘Why America is missing out on the best electric cars?’. We have given you the main reason why America is way behind China in electric vehicles. The first thing is the US electric car pricing as compared to China. EVs are way more expensive in the USA than in China, which makes it hard for Americans to buy high-end electric cars. 

Another major reason for the high cost of electric cars in America is that they do not hold the raw materials needed for the battery production of electric vehicles, unlike China. Moreover, there is a limited variety of electric cars in America as compared to China. This is also the reason that America is not excelling in electric cars like China. Hopefully, in the future, Europeans and Americans will work on these shortcomings and beat China in this competition. Feel free to answer ‘Why America is missing out on the best electric cars?’ with these reasons.