Cheap EVs Abroad Face U.S. Barriers | Durham News

Average new car prices in America have soared past $50,000, squeezing budgets—especially for electric vehicles, where even base models start around $30,000 and the once-helpful $7,500 federal tax credit is now gone. Buyers are stuck waiting for cheaper tech or used leases to drop in price. Meanwhile, China’s Geely Galaxy TT slashes EV costs to under $20,000 with powerful performance and advanced features—but it won’t hit U.S. roads anytime soon. Tariffs alone would push its price to nearly $44,000, and new U.S. regulations block cars with significant Chinese ties, especially over software and data control, making affordable global EVs a distant dream for American buyers. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/e554b288e941705b