Post #2668 by Bluehorseshoe on the Macroeconomic Trends and Risks board

Personal Finance Topics / Macroeconomic Trends and Risks

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I am thinking the market for Chinese EV’s in he global south has not even started to be tapped,

We were in Costa Rica this past summer and I was surprised by the number of Chinese EVs we saw in the larger cities like San Jose. I took my first ride in a BYD during the trip for one of our many Ubers. It seemed like a fine car and the driver said he liked it a lot and the charging was much cheaper compared to gas. The driver claimed the Costa Rican government had only allowed Chinese vehicles to be imported for two years now and they are dominating the market. Based on what I saw around San Jose I wouldn't be surprised if they are at least 10% of new car sales there already. We saw minimal US made vehicles but still saw a fair bit of US heavy equipment.

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