{"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":"
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Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!<\/em><\/p>\n\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

Read the full article originally published at cleantechnica.com.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! 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 […]<\/p>\n","protected":false},"author":6,"featured_media":250737,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[24],"tags":[],"yoast_head":"\nDomestic US Automakers Still Need To Prepare For Chinese Competition - Republic of Green News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cleantechnica.com\/2024\/05\/12\/domestic-automakers-still-need-to-prepare-for-chinese-competition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Domestic US Automakers Still Need To Prepare For Chinese Competition\" \/>\n<meta property=\"og:description\" content=\"Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! News recently broke that the Biden administration plans to jack import taxes up on Chinese EVs, raising them from the current 25% to 100%. 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