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import taxes on socialist countries are huge hence the high prices
Some capitalist places impose huge import taxes too either for protecting their own industry or discourage vehicle ownership except for the rich to reduce congestion & encourage the use of public transport . . .
Some capitalist places impose huge import taxes too either for protecting their own industry or discourage vehicle ownership except for the rich to reduce congestion & encourage the use of public transport . . .
That's exactly happening in Hong Kong! The cars are so expensive because the government encourages the use of public transport to reduce traffic jams & air pollution. Here's the price of some cars in USD in Hong Kong:
Carmy 3.5: $39k
ES300: 51k
RX400h: 72k
LS430: 108k
BMW M3: 107k
760Li: 267k
S600: 305k
S65 AMG: 411k
Maybach 62: 936k