According to the policy changes, tariffs on Chinese electric vehicles will increase from 25% to 100%, which will significantly affect the price of Chinese electric vehicles in the American market. The decision reflects growing “concerns” in the US about China’s dominance of EV production and supply chains.
China’s prowess at creating electric vehicles, from affordable models to luxury products, poses a major challenge for Western automakers. While some may view Chinese cars as technologically deficient, experts write that China has actually made significant progress in manufacturing technology, “raising concerns among U.S. and European policymakers about the competitiveness of their domestic EV markets.”
The upcoming tariffs, which are expected to include solar panels, batteries and critical battery minerals, are a strategic maneuver aimed at “protecting domestic industries amid geopolitical tensions.” But experts warn that tariffs alone cannot provide a long-term solution.
Source: Ferra
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