Everything about it is too complicated.
Manufacturers not only in Europe but also in the United States are well aware of the competitive threat posed by the expansion of Chinese electric vehicles, but an interview with Yahoo Finance, head of the American representative office of BYD Stella Li, makes it clear that for a number of reasons the US electric vehicle market is not yet attracts this Chinese automaker.
Image source: BYD
BYD will indeed soon announce the opening of a plant in Mexico where electric vehicles will be assembled, but they will be supplied primarily to the domestic market of this country. The company has no plans to export Mexican-assembled cars to the United States.
According to the head of the American representative office of BYD, the US electric vehicle market is too complex and is not developing at a fast enough pace. American politicians do not have a clear idea of measures to support the electric vehicle market; this confuses buyers, according to Stella Lee, and therefore sales of electric cars are not growing as actively as in other regional markets. Automakers in the US are also in no hurry to invest in the production of electric vehicles, and all this makes the local market unattractive for BYD in its current form. In the Chinese primary market, the share of electric vehicles has already reached 35%, but in the US it is barely close to 7%. According to the head of the American representative office of BYD, automakers often exaggerate the competitive threat posed by Chinese suppliers.