> Once China introduces the EV equivalent of the Chevy Spark [...] it's game over for many of these American manufacturers.
Then why aren't the streets full of Chevy Sparks?
Then why aren't the streets full of Chevy Sparks?
The problem with cheap cars is that cheap ICE components result in the car failing unnecessarily early. EVs can also fail, obviously, but it's less likely to happen due to design differences.
[1]:https://www.caranddriver.com/news/g39628015/best-selling-car...
This is calculated by looking at the median car sale price for new cars and taking the beginning of the 2nd quartile. Or to put it another way, cheap is when about 75% of cars are more expensive.
The Versa, Mirage and Spark would be firmly in the "cheapest" category, where 95% of cars are more expensive. Of course, they are also in the "cheap" category, but a car doesn't need to cost that little to be considered cheap (for a brand new car).