Etiqueta: taxes

The Chinese EV giant is betting nearly $1 billion on local manufacturing and deepening partnerships to secure a foothold in a vast but challenging auto market

The low price of the BYD Dolphin Mini is eye-catching, but that price only applies to China; see details of the Seagull, its range, versions, and global expansion.

Tesla rival BYD's compact Racco EV could enter the European market if EU regulations permit new E-car category.

BYD recently launched the Atto 1 (aka, Seagull/Dolphin Surf/Dolphin Mini) in Australia, starting at $23,990 AUD ($15,661 USD). This makes is the least expensive EV in Australia. Of note, that does not include on the road cost, but it prices the car between the Suzuki Swift and Toyota Yaris when the taxes are added in.In addition, BYD also launched the Atto 2 (aka, Yuan Up/Yuan Pro), at a starting price of $31,990 AUD ($20,884 USD). The price of this small SUV also falls between the Suzuki Fronx and Toyota Yaris Cross for drive away price.Image Credit: BYDOverall, the BYD cars are a little larger and seem to be better equipped. Legacy ICE vehicles no longer have a price advantage in Australia. I would expect BYD to follow similar pricing strategy on their upcoming product launches. And I expect other companies to follow their lead.EVs being priced at parity with comparable gasoline vehicles has significant implications. The price justification for buying an ICE car goes away. Not just for overall cost of ownership, but also for up-front cost.  People can make purchase decisions based on what fits their needs and preferences, not just their budgets.