Remove Auto Remove Cheap Remove Mexico Remove Tax
article thumbnail

Biden administration considers penalties for Chinese EV companies in Mexico

Teslarati

The Biden Administration is considering penalties for Chinese electric vehicle (EV) automakers who are moving production to Mexico. We’re not going to let China flood our market making it impossible for American autoauto manufacturers to compete fairly. I will do it by following international trade laws,” Biden said.

Mexico 111
article thumbnail

Mexico Won't Offer EV Incentives to Chinese Automakers

The Truth About Cars

Chinese automakers are expanding into Mexico, with companies like BYD opening dealerships across the country. Automotive News reported that the country would not offer tax incentives or land discounts to Chinese automakers. Mexico is no stranger to Chinese auto companies, as there are around 20 already selling vehicles in the country.

Mexico 105
article thumbnail

BYD has no plans to enter the US Market amid “complications’ [Feature]

Teslarati

China’s top new energy vehicle manufacturer, BYD, has no plans to enter the United States auto market. In late 2023, a few publications, automakers, and auto suppliers hinted that electric vehicle sales in the United States would slow down in 2024. Economist says cheap Chinese EVs should be kept out of U.S.

BYD 115
article thumbnail

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. 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. But let’s realize: defending our nation is never cheap. We just had to do it.

Oil 252
article thumbnail

Cleantech Blog: Smart Grids and Electric Vehicles

Tony Karrer Delicious EVdriven

Millions will plug-in their electric vehicles (EV), plug-in hybrids (PHEV) and fuel cell vehicles (FCV) at night when electricity is cheap, then plug-in during the day when energy is expensive and sell those extra electrons at a profit. Recent announcements demonstrate that electric utilities and some auto makers want to make V2G a reality.

Grid 28
article thumbnail

Senate Bill Seeks to Tariff Chinese Vehicles Out of Existence

The Truth About Cars

percent to 100 percent, including vehicles owned by Chinese-based automakers that are assembled in places like Mexico. The plan included adding import taxes on Chinese vehicles assembled in Mexico, even though the USMCA (and NAFTA before that) would have normally given them preferential treatment. On Friday, a U.S.

Chinese 119