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It’s not official yet, but the Wall Street Journal says the Biden administration this week is expected to increase the import tariffs on electric cars made in China from 25% to 100%, a move that may embolden regulators in the European Union to do likewise. The US also adds 2.5% on top of the base tariff just for good measure.
According to The Verge, the Biden administration is worried that electric cars from China are so cheap that if allowed to be sold in the US, they would collapse America’s auto manufacturing industry and put hundreds of thousands of US workers out of a job. The example typically cited is the BYD Seagull, a fairly competent compact SUV-like car that sells for under $10,000 in China. If it were let loose on American shores, it could quickly become a best seller and…
Read the full article originally published at cleantechnica.com.