Electric Vehicles Are Going to Get More Expensive!

New US tariffs on Chinese electric vehicles, batteries and solar cells could raise consumer prices. The tariffs will be phased in over the next three years, officials said. Those that take effect in 2024 include EVs and EV batteries, along with solar cells, syringes, needles, steel and aluminum and more. Some would not take effect until 2026.

U.S. policymakers from both parties have proposed higher trade barriers, or even bans, to keep the vehicles out more permanently.

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