{"id":250736,"date":"2024-05-12T06:29:10","date_gmt":"2024-05-12T06:29:10","guid":{"rendered":"https:\/\/news.republicofgreen.com\/domestic-us-automakers-still-need-to-prepare-for-chinese-competition\/"},"modified":"2024-05-12T06:29:20","modified_gmt":"2024-05-12T06:29:20","slug":"domestic-us-automakers-still-need-to-prepare-for-chinese-competition","status":"publish","type":"post","link":"https:\/\/news.republicofgreen.com\/domestic-us-automakers-still-need-to-prepare-for-chinese-competition\/","title":{"rendered":"Domestic US Automakers Still Need To Prepare For Chinese Competition"},"content":{"rendered":"
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!<\/em><\/p>\n News recently broke that the Biden administration plans to jack import taxes up on Chinese EVs, raising them from the current 25% to 100%. This would double the price of Chinese EVs, which would also not be eligible for federal point-of-sale tax credits. This move is obviously meant to protect domestically-produced EVs from far cheaper competition, giving the U.S. EV industry a chance to get established instead of letting consumer demand all get slurped up by Chinese companies.<\/p>\n Normally, protectionism is not the right move in a global economy, but that thinking only really works when you\u2019re competing with other companies in other countries that rely on a free market. When prices are driven artificially low by a foreign government, and that other company isn\u2019t subject to the same…<\/p>\n<\/div>\n
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