Biden rumored to announce quadrupling of tariffs on Chinese EVs, up to 100%
Baua Electric
MAY 10, 2024
But with these increased tariffs, that makes it a little less likely that US consumers will gain access to these cheap, high-tech Chinese EVs. The Inflation Reduction Act which updated the US EV tax credit included protectionist measures to disallow Chinese-sourced EVs from taking advantage of the credit.
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