And because wages are lower as well. Manpower costs more in America than China by quite a bit. The article doesn’t scale prices to purchasing power. It’s not 5x as much anymore probably, but it’s a significant amount.
I occasionally watch an American YouTuber married to a Chinese man, living in china, and they can’t afford a car (my observation, she claims they don’t need one). They have recently upgraded to a bigger electric scooter as their family car.
Most Chinese cities have extremely high registration fees which make car ownership impractical for most people. They also have great public transportation which tilts the calculus towards not needing a car if affordability is even remotely a concern.
And because wages are lower as well. Manpower costs more in America than China by quite a bit. The article doesn’t scale prices to purchasing power. It’s not 5x as much anymore probably, but it’s a significant amount.
My guess is that manpower share is probably not that significant in the price of an EV.
Ni, its pretty much all machine and robot made.
It’s not about wages being part of price.
It’s about wages being aspect of buyers.
I occasionally watch an American YouTuber married to a Chinese man, living in china, and they can’t afford a car (my observation, she claims they don’t need one). They have recently upgraded to a bigger electric scooter as their family car.
Most Chinese cities have extremely high registration fees which make car ownership impractical for most people. They also have great public transportation which tilts the calculus towards not needing a car if affordability is even remotely a concern.