BYD is pushing the envelop.
It has introduced a vehicle that is prices at $11,500. This is only available in China since it doesnt meet the safety requirements outside of there.
In this video I discuss how we likely will see someone create this within the next 18 months, that can be sold around the world.
▶️ 3Speak
Wow, that is already cheap. I can understand why they won't pass safety standards though. They probably used substandard materials, to make it that cheap. If they can make the battery cheaper, then it will be easier to lower the cost of EVs.
Battery costs dropping are going to factor in down the road. There are other things that will also come into play such as manufacturing breakthroughs.
Cars that are not legally approved to be on the road can be imported into the United States?
If the car had cost more in china, investors like Elon must would have ventured into it.