Chinese EVs from $10,000 threaten to leave the US behind in the electric vehicle race

The global EV market is entering a golden age driven by cheap Chinese cars available from as little as $10,000, while US auto costs are rising sharply and even the most affordable new American EV — the Jeff Bezos-backed Slate Auto pickup at $24,950 — may be falling behind. Shifting political ideology, tariffs and changing consumer demand are leaving the US industry vulnerable to Chinese competition. Analysts warn the United States risks missing out on the global electric vehicle transition.

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