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by ck2 721 days ago
Except we are not going to have cheap batteries and solar in the USA and never ever cheap EVs

Remember how tariffs were called "asinine" when the last administration did them?

Next year tariffs will double the price of batteries and solar imports, except there's no domestic production to even compete at that high price.

Oh semiconductors are going to double in price too in 2025, buy soon.

https://www.theverge.com/2024/5/14/24156249/us-biden-china-t...

2 comments

Next year tariffs will double the price of batteries and solar imports, except there's no domestic production to even compete at that high price.

I agree that the tariffs are going to hurt adoption, but the US does have domestic battery and solar manufacturing. Tesla manufactures large quantities of lithium ion batteries in Nevada and Texas.

First Solar (3 manufacturing sites in Ohio): https://www.firstsolar.com/About-Us/Locations

Hanwha Qcells solar manufacturing in Georgia: https://apnews.com/article/us-solar-panel-plant-hanwha-qcell...

Actually it's faster to link this report about existing and planned North American solar manufacturing:

https://media-01.imu.nl/storage/sinovoltaics.com/14240/sinov...

There's a lot of work in progress right now but also several operating plants.

Just a little math issue here, tariffs jumping from 25 percent to 100% isn’t doubling the price, and the tariff cost used for the percentage isn’t the final retail cost.

Let’s say I have a widget. I sell it for $10, and it cost me $1 for me to produce. There’s a 25 percent tariff, which is 25 cents. Now I sell the item for $10.25 to pay for the tariff.

If the tariff goes up to 100%, that now means that I need to raise the price of the product to $11 to pay for it.