Americans' Reluctance to Adopt Cheap Chinese EVs
Despite China's dominance in the electric vehicle industry, with over 100 brands, Americans remain hesitant to embrace Chinese EVs.
A recent poll by the University of Chicago and AP-NORC found that most U.S. consumers prefer vehicles made in the U.S.A., even if Chinese cars are $10,000 cheaper.
- Two-thirds of Americans are willing to pay $500 more for a U.S.-made vehicle.
- The preference for U.S. cars narrows as the savings from Chinese cars increases.
China has built the world’s leading electric vehicle industry with more than 100 brands from the country.
Author's summary: Americans prefer US-made EVs over cheaper Chinese options.