MONA L03. Image Credit: XPENG
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Let’s start with the obvious: there’s no need to ban a major consumer product coming from the country that leads the world (by far) in producing and buying that product if that product isn’t highly competitive. If China was producing crappy electric cars that Americans wouldn’t buy, there wouldn’t be such fervor to block them from the US market. We all know what is going on. US automakers are scared of Chinese electric vehicles, can’t compete with them, and have leaned on top US policymakers in Congress and the White House in order to block their sale in this country.
In the latest news on this front, on July 15, the US Senate Commerce Committee will vote on a proposed bipartisan bill to block Chinese companies from selling electric cars in the USA.
“Republican Senator Bernie Moreno of Ohio and Democratic Senator Elissa Slotkin of Michigan proposed legislation in April to codify a regulation imposed by the Biden administration that effectively bans all Chinese automakers from selling passenger vehicles in the U.S. and takes other steps to prevent China from entering the U.S. light-duty market,” Reuters reports. While President Biden supported the US EV industry and EV manufacturing in the United States tremendously, part of the largest manufacturing reshoring legislation in the history of the country, he also kept up and built on President Trump’s initial anti-China tariffs on electric vehicles. This legislation goes beyond tariffs.
