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Why EV Tariffs Won't Stop Chinese Cars
Posted
June 5, 2024
Views
2,848,340
Likes
25,358
Comments
10,629
Engagement
1.26%
June 5, 2024
2,848,340
25,358
10,629
1.26%
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Today, China has the manufacturing capacity to supply half the world's cars. And it has its eyes on the United States. While there are already Chinese-owned brands available in the states, including Volvo, Polestar and Lotus, no true Chinese brands have arrived in the U.S. as of yet. Insiders say it's only a matter of time though. President Biden slapped Chinese automakers with stiff tariffs - effectively doubling the price of an imported EV May 2024. However, some insiders say tariffs may not be that effective in the long run, and may even do more harm than good.
Chapters:
Producer: Robert Ferris
Editor: Darren Geeter
Animation: Christina Locopo, Jason Reginato
Senior Managing Producer: Tala Hadavi
Additional footage: Getty Images, BYD, Polestar, Volvo, Geely, Tesla, Toyota, Honda
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Why EV Tariffs Won't Stop Chinese Cars
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