It's kind of depressing to see the EV prices available in China and compare it with the prices available in Europe. Hell, there are only three sub-30000€ EVs available on the German market, after two models were discontinued last year
this post was submitted on 09 Jan 2024
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In the USA you can get like $7000 back from the government when you buy an EV, but the manufacturers are hip to that and price them to absorb that credit. Then of course that doesn't help anyone buying them used or certified pre-owned. Oh, and they were talking about eliminating that credit last time I checked. QQ
Less depressing once you adjust for purchasing power
The exchange rate does not directly correlate to purchasing power. There are many factors that go into it.
The other poster didn't say anything about the exchange rate, they said Purchasing Power. According to OECD (2024), Purchasing power parities (PPP) (indicator). doi: 10.1787/1290ee5a-en (Accessed on 09 January 2024) the PPP (Purchasing Power Parity) between USD and the Yuan was 3.989 for 2022. So a 25k vehicle in the PRC is basically a 100k vehicle in the USA. You can purchase some excellent EVs in the United States for $100,000.
In fact the article is guilty of doing exactly what you're talking about! Doing a direct conversion from RMB into USD without adjusting for PPP, basically throwing out all CoL differences, is what leads to stupidity like this article.
Yes, I read the article where they only provided the exchange rate.
I wouldnt be too worried. the destruction they are wreaking is making for some great entertainment.
Could they not have possibly squeezed one more km out of that thing? Very disappointing :(
“6” in Chinese is a good luck number. They likely tried.
I wonder how close to US/EU regulations this car is? Would it pass safety?
A lot of very cheap Chinese cars do not comply with a lot of the safety regulations or crash test requirements.
Also they often have fun things like asbestos firewalls and exhaust fillers.
I’d have to assume Volvo didn’t specifically make their shittiest vehicle ever to send to China?
This car is no more a Volvo than a fiat is a Ferrari. Just because the company also owns the Volvo brand doesn't make a car under a completely different brand a Volvo.
Why would you assume this. Let's say the average income is half what it is in America, and the safety regulations are more lax. Do they make a car they can sell in America that (almost) no one in China can afford, or do they make a car they can't sell in America, but a lot of people can afford?
While the price of this car is pretty cheap in dollar terms, it's pretty expensive if you compare it to their PPP, so the whole argument becomes somewhat moot. That said, there were a number of interesting and very economical cars made or sold in India in the last 10 years that would never pass regulations in Europe or America, for the exact reasons I listed above.
That looks pretty awesome too!