Tariffs on China aren’t the way to win the EV arms race – getting serious on EVs is
24 days ago
5
Hey there, are tariffs on Chinese electric vehicles really the way to go? Let's take a closer look.
The global auto industry is rapidly changing, with electric vehicles set to dominate the market in the coming years.
In the 1970s, the US auto industry faced similar challenges with Japanese competition,
and tariffs didn't stop the advancement of the technologically-superior Japanese steel industry.
China has become a major player in electric vehicle manufacturing,
with a significant market share and rapid growth in exports.
Imposing tariffs on Chinese EVs may not benefit US jobs overall
and could lead to increased prices for consumers.
Instead of tariffs, the focus should be on making affordable and competitive electric vehicles domestically.
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