CNBC : Why EV Tariffs Won't Stop Chinese Cars [CNBC VIDEO] - Automobility
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21 Jun CNBC : Why EV Tariffs Won’t Stop Chinese Cars [CNBC VIDEO]

Posted at 08:26h in Media Mentions by

Media Source : CNBC

Click here to the audio link

Bill Russo contributed to this CNBC story on Why EV Tariffs Won’t Stop Chinese Cars.

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.

 

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