America seems to be giving up on EVs

The one place on the planet that appears to be transitioning seamlessly to EVs with sub-$10,000 compact cars and gleaming sports sedans for less than $30,000 is being cut off from key export markets. 

Biden is planning to announce fresh tariffs on Chinese clean tech next week, Bloomberg News reported Friday, with the Wall Street Journal saying the centerpiece will be a quadrupling of levies on EVs to 100%.

What we’re witnessing is an astonishing loss of nerve in a country whose capitalist hunger once created the modern auto industry.

Bloomberg 11 maj 2024

https://www.bloomberg.com/opinion/articles/2024-05-11/us-carmakers-are-stifled-by-tariffs-and-timidity


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