Clean Tech News & Views: EVs, Solar Energy, Batteries
Recently, U.S. Senator Marco Rubio started pushing for more tariffs. Why? Because cheaper Chinese electric cars have a pretty good chance of destroying vehicle manufacturing in the United States. While this is a reasonable argument to make, tariffs alone would only delay the inevitable, so more must be done if the goal is to protect the U.S. automotive industry.
I agree with Rubio that these tariffs are necessary, or at least some of them. United States automakers are simply not delivering EVs cheap enough to compete, and geopolitical realities dictate that we don’t let the United States become dependent on China for EVs. It’s also true that without more export markets for their cars, Chinese industry is in trouble, and we’d be better off to let them experience trouble right now, because sending even more U.S.
In practice, though, automakers missed the boat on that strategy. The right time to be offering expensive EVs with a plan to trickle the technology down into lower markets was a decade ago, when Tesla was doing that. Now, expensive EVs have to compete with the $39,000 Model 3, and that’s before the point-of-sale tax credit that works like a discount now, so the actual price a buyer pays is around $31,500, and it’s cheaper in states with their own state-level rebates.
The price cap for EV tax credits probably needs to be revised to lower over the next ten years to hurry domestic automakers along while the tariff dam temporarily holds Chinese automakers back. Their complacency at the top of the market can’t be rewarded anymore. Other things, like more subsidies for battery production need to happen to help automakers get better pricing going.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mercedes Boss Pleads With EU To Reduce, Not Increase, Tariffs On Chinese EVsThe executive does not believe in protectionism and says his company did not ask for the probe
Read more »
NYC subway conductor stabbed in neck sticking head out of A train cabin: 'Enough is enough'An MTA conductor, identified as Alton Scott, on a southbound A train at a subway station in the Brownsville section of Brooklyn was slashed in the neck when he stuck his head out of the cabin window, the NYPD said.
Read more »
Birthday Girlies Are Draining Our Accounts And Enough Is EnoughTalking about money benefits all of us — and we need to do it more. Join the conversation with Worth More, our 2024 guide to better finances, from navigating savings, debt and relationships to negotiating pay raises and, above all, investing in yourself.
Read more »
‘Enough is Enough’: Jacksonville letter carriers march downtown, bring awareness to recent attacksOver 300 people rallied in downtown Jacksonville to bring community awareness to the recent attacks against mail carriers on Saturday.
Read more »
'Enough is enough': Local activists march to end gun violenceThe Harrisburg community cried out to local lawmakers on Friday, looking for quicker action in what they say is a never-ending battle against gun violence.
Read more »
Review: The Hyundai Ioniq 5 N Is A Ballistic Missile That Redefines EVsThe Ioniq 5 N proves that car enthusiasts should no longer fear the EV revolution
Read more »