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Biden really, really doesn’t want China to flood the US with cheap EVs
Tariffs will rise to 100 percent from the current 25 percent level.
Most of the world’s EV batteries are manufactured in China, and many of the country’s most popular models have been praised for their design, functionality, and price. Earlier this year, Tesla CEO Elon Musk — who sells most of his cars in China — warned that Chinese manufacturers would “demolish” domestic rivals without trade barriers. And earlier this year, the administration launched an investigation into the potential security risks posed by smart car technology produced in China.
Or read this on The Verge