Why Can't Americans Buy Cheap Chinese EVs?
24 Sep 2023 | Abstracted from Bloomberg
"Why not? The answer is part logistics and part politics...While the number of electric vehicle models has surged in China and Europe, few of those cars have made it to America.Trump implemented tariffs on about $370 billion of imports from the country each year, including a 27.5% tariff on cars made in China...US auto market a big market, but not a growing market per se. And you have to displace existing manufacturers, existing brand loyalty."
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