Geely, the parent company of Volvo, recently introduced an extended-range electric vehicle (EREV) with a starting price of just $14,900 in China. This move vividly underscores the widening gap in vehicle value, particularly for electrified models, available to consumers in the United States. The aggressive pricing of the new Geely Boyue EREV serves as a stark reminder that the most competitively priced electric and hybrid options globally are emerging far from the American market.
