President Biden is expected to quadruple tariffs on electric vehicles from China in an announcement Tuesday, according to a source familiar with the decision.
This is dumb. Americans are being ripped off by car prices and manufacturers who aren’t investing in this cheaper tech.
The Chinese cars are cheap because they’re going back to basics. Compared to any US DOT approved vehicle, they’re slow, they’re light, they don’t have any bells and whistles. Four wheels, a motor, some simple electronics, and a battery.
Ultimately, that’s all you need to get from one place to the next if you don’t need highway speeds or crash ratings…
Will high tariffs cause local manufacturers to develop their own version of cheap electric vehicles? Doubtful.
This is dumb. Americans are being ripped off by car prices and manufacturers who aren’t investing in this cheaper tech.
The Chinese cars are cheap because they’re going back to basics. Compared to any US DOT approved vehicle, they’re slow, they’re light, they don’t have any bells and whistles. Four wheels, a motor, some simple electronics, and a battery.
Ultimately, that’s all you need to get from one place to the next if you don’t need highway speeds or crash ratings…
Will high tariffs cause local manufacturers to develop their own version of cheap electric vehicles? Doubtful.