Remove Auto Industry Remove Cheap Remove Economy Remove Tax Credit
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Perspective: Drive Star Conversion Program Could Cut US Oil Use in Half by 2020

Green Car Congress

And oil only seems cheap. Well, America’s auto industry delivered over 100,000. That helped us become the world’s greatest industrial power. It helps that the auto industry will be building more efficient new vehicles. Right now, buyers of new plug-in cars get up to $7,500 in tax credits.

Oil 252
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Biden quadruples tariffs on Chinese EVs, up from 25% to 100%

Baua Electric

But with these increased tariffs, that makes it less likely that US consumers will gain access to these cheap, high-tech Chinese EVs. This isn’t the first move that Biden has made to limit the ability of the Chinese auto industry to operate in the US. But even though tariffs hurt the US economy, they are still popular.

Chinese 52
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Tariffs on China aren’t the way to win the EV arms race – getting serious on EVs is

Baua Electric

News came out on Friday that President Biden is set to quadruple tariffs on Chinese EVs to protect the US auto industry from the rapid growth of Chinese EV manufacturing. The global auto industry is in a time of flux. Cars are changing quickly, as is car manufacturing. But that sort of sentiment is popular.

China 52