Why Biden Is So Scared Of Chinese EVs
May 18, 2024
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17:34Now PlayingWhy Biden Is So Scared Of Chinese EVs
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as posted by the channelLive-streamed on May 14, 2024
David Dayen, executive editor at The American Prospect, discusses some of his recent reporting on the Biden administration’s industrial policy.
David Dayen walks Sam and Emma through Biden’s recently announced tariffs on Chinese electric vehicles (and various production elements), the overwhelming success of the Chinese EV industry, and why the US so fears the introduction of the Chinese product to the US market (they’re cheaper and better). Expanding on this, David dives into the context of these tariffs on the US market, drawing an analogue to US regulations on Japanese cars in the 1980s as he explores how these tariffs alongside bolstered EPA and EV requirements for US auto manufacturers serve to give the US market space (and incentive) to catch up, before wrapping up by exploring the role the Big Three (Ford, GM, Stellantis) play in EV production, and what a domestic production chain would mean for cheaper products.
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