With the $7500 credit, the Bolt is the same price or slightly cheaper than the Fit when you account for inflation.
China is able to sell these vehicles for this cheap because the government is giving these companies cash to sell them at these artificially low prices. That’s the whole point of this discussion and the proposed tariffs as none of the competition will be receiving subsidies at these levels in order to compete. China is also known for lax worker protections which helps to drive the costs down further at the expense of the workforce and is not something they’ll be able to do if they manufacture here.
With the $7500 credit, the Bolt is the same price or slightly cheaper than the Fit when you account for inflation.
China is able to sell these vehicles for this cheap because the government is giving these companies cash to sell them at these artificially low prices. That’s the whole point of this discussion and the proposed tariffs as none of the competition will be receiving subsidies at these levels in order to compete. China is also known for lax worker protections which helps to drive the costs down further at the expense of the workforce and is not something they’ll be able to do if they manufacture here.