Electric vehicles already trend towards the expensive side, and a new ruling by the Biden Administration could tip the scale a little more, at least for some EVs in the U.S. According to the Wall Street Journal, the President will potentially announce increased tariffs on Chinese goods next week, increasing the cost of manufacturing. Chinese electric vehicles specifically will have the tariff increase from 25%, where it is now, to 100%.  This could have wide-ranging effects on the electric vehicle market
…
Read more