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In China, EVs are now cheaper than gas cars. In the U.S., the Big Three still haven't closed a premium that's $14,000 per vehicle

China has now crossed a massive benchmark in the electric-car race: battery-powered vehicles are now cheaper than their gas counterparts. In the U.S., by contrast, EVs still face a steep premium; roughly $14,000 on average, according to new data from JATO dynamics, an automotive data analytics firm. Dan Sperling, founding director of the UC Davis Institute of Transportation Studies, told Fortune he thought the $14,000 figure was overestimated - but conceded that there was a strong, real gap.

Business

fromEngadget

4 months ago

Trump temporarily eases car tariffs following automaker complaints

The new executive order allows US automakers to deduct up to 3.75% of the price of a new car from tariffs until April 2026.

Cars

fromFast Company

4 months ago

U.S. loosens safety rules for self-driving cars in a bid to compete with China

The Trump administration is easing regulations for self-driving cars to bolster U.S. automakers' competitiveness against China.

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#us-automakers#us-automakers

In China, EVs are now cheaper than gas cars. In the U.S., the Big Three still haven't closed a premium that's $14,000 per vehicle

Trump temporarily eases car tariffs following automaker complaints

U.S. loosens safety rules for self-driving cars in a bid to compete with China

#us-automakers
#us-automakers