Chinese EVs have such a large cost advantage that the US is considering further increasing the current 27.5% tariffs on Chinese EVs.
President Joe Biden’s administration is considering to help prop up a flagging domestic industry, Bloomberg News reported last month. That follows the European Union of the same sector and threatening countervailing levies on China’s EV exports on top of the current 10% duties. Earlier in December, Washington also introduced rules to stop carmakers who use Chinese batteries .