Chinese automakers have rolled out chargers that can mostly recharge a car’s battery in about five minutes. Yet U.S. technology lags far behind.
Smothering electric vehicles might have been a regrettable mistake for a Republican to make 10 years ago. Today, it is economic idiocy.
But automakers can’t absorb the cost forever and will soon begin to raise new car prices, analysts say.
The company estimated that duties on imported cars and car parts would cost it $2 billion this year.
Elon Musk has said that robotaxis are the company’s future, but most revenue still comes from cars.
According to two people familiar with the draft, it would eliminate the bedrock scientific finding that greenhouse-gas emissions threaten human life by dangerously warming the planet.
China wants to dominate the market for the cars of the future, and it has set its sights on Brazil’s giant auto market.
General Motors was the second auto company this week, after Stellantis, to show the toll that President Trump’s trade policies are taking on the industry.
It is inevitable that America will eventually follow the rest of the world and that in 40 or so years, it will run mainly on sun and wind.
The Commerce Department plans to impose a 93.5 percent levy on Chinese graphite, an essential ingredient in the batteries that power electric vehicles.