this post was submitted on 14 May 2024
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Biden announces new tariffs on Chinese EVs, semiconductors, solar cells and more (lemmygrad.ml)
submitted 1 year ago by yogthos@lemmygrad.ml to c/us_news@lemmygrad.ml
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https://www.whitehouse.gov/briefing-room/statements-releases/2024/05/14/fact-sheet-president-biden-takes-action-to-protect-american-workers-and-businesses-from-chinas-unfair-trade-practices/

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[–] yogthos@lemmygrad.ml 13 points 1 year ago

Exactly, the battery is one of the most expensive parts of an EV. So, this basically means domestic EV industry in US is going to wither.