Cheap Chinese EVs Could Put US Automakers in a Bind
Cheap electric cars manufactured in China could make it difficult for U.S. carmakers to compete in markets outside the United States. Thanks to the 27.5% tariff levied on Chinese electric cars when they enter U.S. ports, China's quickly expanding electric-vehicle industry has been unable to expand into the U.S. market. However, while U.S. lawmakers have mostly kept Chinese electric vehicles from proliferating in the country, other major markets, specifically Europe, are seeing a major onslaught of electric cars manufactured in China. As Beijing has spent most of the past decade investing tens of billions of dollars’ worth of subsidies into…
