Ripple cofounder says California should allow Chinese EVs for low-income buyers: 'We're never going to make that stuff'
Chris Larsen, the cofounder of Ripple, said California has imposed the "most regressive tax in the world." He said cheap Chinese EVs could help.
Car and gas prices continue to surge. Chris Larsen, co-founder of Ripple, suggests allowing Chinese EVs into California to aid low-income buyers. Rising prices, especially in California, have made cars unaffordable for many. Larsen believes Chinese EVs, like the BYD Seagull ($10,000), could provide a solution. However, US regulators are concerned about Chinese vehicle software on American roads. Larsen proposes allowing income-qualified buyers to purchase these vehicles, but acknowledges they won't be made domestically.
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