Close Menu
  • Home
  • Markets
    • Earnings
  • Banks
    • Crypto
    • Investing
  • Business
    • Retail
  • industry
    • Finance
    • Energy
    • Real Estate
  • Politics
Facebook X (Twitter) Instagram
Facebook LinkedIn
Financial Market News
Subscribe Now
  • Home
  • Markets
    • Earnings
  • Banks
    • Crypto
    • Investing
  • Business
    • Retail
  • industry
    • Finance
    • Energy
    • Real Estate
  • Politics
Financial Market News
You are at:Home»Markets»Some U.S. car buyers envy what they cannot have — affordable Chinese EVs
Markets

Some U.S. car buyers envy what they cannot have — affordable Chinese EVs

March 24, 20263 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email
OLOGI Ad 2


Text to Speech Icon

Listen to this article

Estimated 5 minutes

The audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results.

Sooren Moosavy wants to buy an affordable electric car in the U.S., motivated by environmental concerns and a preference for the EV’s smoother ride. But the 28-year-old Baltimore resident’s search has brought him to a trio of vehicles that are essentially unavailable — because they’re from Chinese automakers.

“I would ‌love the opportunity to be able to get one in or even test-drive one,” said Moosavy, who has narrowed his wish list to three models from BYD, Geely and Zeekr, attracted to their compactness, plush interiors, and above all, the price. 

Moosavy isn’t alone. As the average price of a new car in the U.S. approaches $50,000 US, more of the car-buying public is open to buying cheaper Chinese cars, despite resistance from the industry ​and both major U.S. political parties.

While Chinese autos hit the highways of Europe, ​Latin America and even Canada, the U.S. government has effectively banned the cars with tariffs exceeding 100 per cent, out of concerns over data security and protecting American jobs.

In places like Europe, a number of Chinese EVs sell at prices under $30,000 US. Some of those cars include ​amenities like advanced driving assistance software, a built-in mini fridge, and the option to sing karaoke with your fellow passengers.

“The technology ⁠they offer for those lower price ⁠tags was astounding,” said Clint Simone, senior features editor for car-shopping website Edmunds, who drove ‌several Chinese vehicles while at the CES trade show earlier this year.

China’s export surge

China has surged past Japan in recent years to become the world’s top vehicle exporter. 

Canada became the latest country to open its doors to the cars, agreeing to cut tariffs to 6.1 per cent on an initial allowance of 49,000 Chinese EVs annually. 

WATCH | When Canada struck tariff deal with China that includes EVs:

Canada reaches tariff deal with China on EVs, canola

The cars are already being exported en masse to Mexico, where Chinese automakers are eyeing ⁠factory space. 

U.S. President Donald Trump reiterated during an appearance in Detroit in January that he’s receptive to Chinese automakers opening stateside, as long as they employ U.S. workers. But earlier this month, major auto trade groups submitted a letter urging the U.S. government to keep Chinese carmakers out of the country, citing competitiveness concerns.

A staff member cleans the Geely Galaxy E8 electric vehicle at the Beijing International Automotive Exhibition, or Auto China 2024, in Beijing, China.
A staff member cleans the Geely Galaxy E8 electric vehicle at an auto show in Beijing, China. (Tingshu Wang/Reuters)

Republican Senator Bernie Moreno of ‌Ohio said in January at an event at a Ford Motor plant that “as long as I have air in my body, there will not be Chinese vehicles sold in the United States of America.”

China’s embassy in Washington has rejected the automakers’ criticism,…



Read More: Some U.S. car buyers envy what they cannot have — affordable Chinese EVs

TGC Banner 1
affordable buyers Car Chinese envy EVs
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleExclusive: National Vision’s CEO on transformation, margins, and growth
Next Article Manhattan Real Estate Report: Is this the ”It’s Always SOMETHING” moment

Related Posts

Oil prices fall after Trump postpones Iran strikes

March 23, 2026

Customers complain about long wait times, multiple calls to resolve issues

March 22, 2026

Stock markets dip for another straight week as U.S. war on Iran continues

March 22, 2026

‘Eerie parallel’: Archived stamps reveal Canada was prepared to ration gas

March 21, 2026
Add A Comment
Leave A Reply Cancel Reply

Energy News

Texas leads nation in solar power installation, report finds – Houston

The economy has Strait of Hormuz deadline for Trump: Two weeks

Amid energy market turmoil, the people taking power into their own hands

Costco turns pain at the gas pump into a powerful in-store traffic driver

Banks News

Glia Wins AI Excellence Award in Banking and Financial Services Category

Down 12% This Year, Nubank Plans a ‘100b Pivot’ And Investors Are Taking

JPMorgan Chase Stock Faces Headwinds Ahead of Earnings

Rumors emerge of a CLARITY Act deal between White House and lawmakers —

Real Estate News

Manhattan Real Estate Report: Is this the ”It’s Always SOMETHING” moment

License EDU Launches Real Estate Continuing Education Courses in Texas

UNL Releases Preliminary Farm Real Estate Market Survey Results for

‘Do they even look at them before posting?’

© 2026 finmar.news

Type above and press Enter to search. Press Esc to cancel.