Written by Sean Tucker
Are these the best cars in the world?
There are 18 finalists in six categories for the 2024 World Car of the Year award, of which only one is American-made. No pressure, Ford (F) Bronco.
A jury of 98 journalists from 30 countries will award the awards. They plan to announce the winner's name at this month's New York International Auto Show. The auto show will be open to the public on March 29th.
BMW (XE:BMW) led all automakers with four finalists. Volvo (VLVLY) got his 3 points. Two companies each are owned by Kia Motors (KR:000270), Mercedes (XE:MBG), and China's BYD. Several of the finalists have never been sold in the United States, including two of his BYD models and the Lexus LBX subcompact SUV.
The center of the automobile world is shifting to China.
BYD overtook Tesla (TSLA) last year to become the world's top electric car maker. The company is one of several Chinese automakers building or considering building factories in Mexico. Chinese cars are big business in Mexico, where they will outsell U.S. cars south of the border starting in 2022.
American manufacturing organizations recently sounded the alarm about Chinese cars in the U.S., saying that cars made in Mexico by Chinese-owned manufacturers could qualify for a $7,500 federal EV tax credit, which would reduce American manufacturing. Warned that it could cause damage.
See also: Why BYD is rolling out a $233,000 'supercar' even as Tesla and Rivian try to sell cheaper EVs
Finalist:
World Car of the Year: BYD Seal, Kia EV9, Volvo EX30
World Electric Vehicle of the Year: BMW i5, Kia EV9, Volvo EX30
World Luxury Car of the Year: BMW 5 Series/i5, Mercedes-Benz E-Class, Mercedes-Benz EQE SUV
World Performance Car of the Year: BMW M2, BMW XM, Hyundai Ioniq 5 N
World Urban Car of the Year: BYD Dolphin, Lexus LBX, Volvo EX30
World Car Design of the Year: Ford Bronco, Ferrari Purosangue, Toyota(TM) Prius
Read: The 2024 Ford Bronco is sophisticated around town, but it really shines off-road.
This article originally appeared on KBB.com.
-Sean Tucker
This content was generated by MarketWatch, a Dow Jones Company. MarketWatch is published independently of the Dow Jones Newswires and the Wall Street Journal.
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03-11-24 0501ET
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