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The US is a relatively small market.
by sunflowerfly 2y ago
The US is a relatively small market.
- alephnerd 2y agoIt's the 2nd largest automotive market in the World [0]. The other large markets like the EU and India are also looking at tariffs for EVs exported directly from China and are pushing for Chinese companies to create domestic JVs in both countries (eg. BYD in Hungary, MG in India). [0] - https://www.statista.com/statistics/269872/largest-automobile-markets-worldwide-based-on-new-car-registrations/ https://www.statista.com/statistics/269872/largest-automobil...
- tooltalk 2y agoThe US is the second largest by units sold (30M vs 15M) and the largest by value. The average selling price of a new vehicle in China is about $20K vs. US $50K.