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Biden rumored to announce quadrupling of tariffs on Chinese EVs, up to 100%

Baua Electric

Tariffs have been called for by several entities in the US ( and Europe ), as Chinese EV manufacturing has rapidly ramped in recent years. It caught foreign manufacturers by surprise, leaving ICE car values plummeting in China as consumers are simply not interested. FTC: We use income earning auto affiliate links. at the time.

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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.

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

Baua Electric

Both companies are owned by Geely, but still headquartered in Sweden, with manufacturing in various parts of the world depending on model. But the excellent Volvo EX30 is set to release this year at a starting price of $35k, which was inclusive of the 25% credit. Free trade creates jobs, wealth and economic growth. at the time.

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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.

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