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I don't have a horse in the EV debate but here are some conflicting thoughts:
1. We (Canada) also subsidized EV's produced here in NA with incentives between $5000-9000. Probably also offered lots of incentives for car companies to build a plant here in terms of taxes, etc. Might not be as much as China but still ... both sides have subsidized their own production of EV's.
2. What does 100% tariff exactly mean? Does it mean that if a BYD was coming over at $50K, it is now $100K or just the tariff part (whatever that is when I buy something from the states and get dinged for customs/taxes) has been doubled or 100%?
3. This protectionism, while it is good and protect jobs in Canada and the NAFTA agreement, is what some don't like about Trump, US first.
4. Who is to say that allowing a competitive price for a NIO (esp different tech for battery swap) or BYD whatever that might be ... (not as high % of tariff as 100%) won't be good for competition and innovation? Make Tesla sweat a bit and get them to find ways to reduce cost.
I dunno ... lot of moving variables in this. But again, no skin off my nose, not as if I was planning to buy an EV in the next 5 yrs.
Last edited by whitev70r; 08-27-2024 at 02:58 PM.
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