News‘Battery race’ heats up as US quadruples tariffs on Chinese EV imports

May 14, 2024by 0

The Biden administration is set to quadruple tariffs on Chinese electric vehicle (EV) imports into the US, and Transport & Environment (T&E) has urged European governments to introduce similar incentives for near-shoring as “the battery race” intensifies.  
According to The Wall Street Journal, the price of clean-energy goods exported from China into the US will double as tariffs quadruple, from 25% to 100%, under the new rule, set to be …

The post ‘Battery race’ heats up as US quadruples tariffs on Chinese EV imports appeared first on The Loadstar.

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