The push toward electric vehicles continues to be a rocky one. If you were hoping to get your hands on a cheap EV, it looks like those dreams may be dashed. In May 2024, president Joe Biden announced the tariff rate on electric vehicles produced in China would increase from 25% to 100%. The White House says this is to protect American manufacturers from China’s trade practices. Essentially, it’ll ensure EVs bought in America will be made in America.
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