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  A BYD Seagull small electric car is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center (Shanghai) Vcg | Visual China Group | Getty Images LIVONIA, Mich. – A small electric vehicle is having a big impact on the global automotive industry. It’s not the EV itself that’s making waves but its price — and its potential to disrupt domestic auto industries around the world. The China-built  BYD  Seagull, a small all-electric hatchback, starts at just 69,800 yuan (or less than $10,000), and reportedly banks a profit for the increasingly influential Chinese automaker. That   latter point — EV profits where U.S. automakers have mostly failed to turn any — combined with the expansion of Chinese automakers into Europe, Latin America and elsewhere has automotive executives and politicians, from Detroit and Texas to Germany and Japan, on edge. The Seagull could be a “clarion call for the rest of the au...

  WATCH NOW VIDEO 06:22 Economists discuss the effects of climate change on the U.S. economy As the climate crisis continues to pose a global threat, top economists are debating its effect on the U.S. economy. Mark Zandi, chief economist at Moody’s Analytics, projects “physical risks” will be the biggest economic cost over the next 10 to 20 years. These are damages caused by natural disasters, which are now occurring at greater frequencies. Zandi also projects transition costs associated with moving from a fossil fuel-dominated economy to one driven by green energy will put a weight on the U.S. economy. Jeffrey Sachs, an economics professor at Columbia University, says he is more focused on how the clean energy transition will be possible worldwide within the next 25 years. “How can the whole world get a clean energy system?” asked Sachs. “Because if the U.S. does it and the others don’t do it, forget it. It doesn’t stop the world crisis.” But former U.S. Secretary of Labor Robert ...