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Electric bikes are about to get more expensive, and the timing couldn’t be worse
Biden’s tariffs are going to roil the e-bike boom.
Earlier this month, the Biden administration announced major new tariffs on Chinese imports, including electric vehicles, batteries, solar cells, and a range of other goods. “The expiration of Section 301 tariffs will cause a further weeding out of underperforming e-bike companies and, unfortunately, consumers will most likely see prices rise across the industry,” said Levi Conlow, CEO of Lectric eBikes, in an email to The Verge. The Biden administration, though, is more fixated on getting people to switch from gas to electric cars, through $7,500 tax credits and billions spent on EV charging infrastructure.
Or read this on The Verge
