10/27/2024

EVs are non starters in USA. They are stuck with ICE

 Trump knows the USA is not ready for EVs. Just charging stations alone is a big big problem to overcome. Without those charging stations, EV sales will never pick up in the USA and EV makers will just bite the dust. The USA will just stagnate in EV innovation and fall further and further behind the rest of the world.

Keeping EVs out of the USA does not solve the problem. Raising tariffs to the moon will not solve the problem as well. Such measure only serves to punish USA consumers, not countries like China from producing EVs. China's EV production will not collapse because of the USA tariffs. China can sell EVs elsewhere, which the USA can do nothing about.

The real reason why China can produce EVs so cheaply is because of cheap Russian energy, abundant skilled workers and a complete supply chain existing inside the country. It has nothing to do with subsidies, a measure which the USA is doing out of proportion compared to China. If subsidies were fueling manufacturing, the USA would have overwhelmed China in its manufacturing capacity with all the billions thrown around. 

Anonymous

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