| > Joe Biden’s climate agenda is all about new-EV sales. The unstated bit is American new-EV sales. > Electric vehicles made up about 8 percent of new car sales in the United States last year, compared with more than a quarter in China, where new EVs can go for about $10,000 or less. Except, we've also made those unaffordable by > Biden has quadrupled tariffs on electric vehicles from China — from 25% to an eye-watering 100% — in a move designed to bolster U.S. jobs and manufacturing.[1] If it was all about new-EV sales, we could set the EV tariff to 0%. A $10k vehicle would indeed increase sales in a way that's congruent to a climate agenda that's all about new-EV sales. The real story is that agendas are a function of politics, but we kind of already know that. The difference in outcomes ie: the differential gain in EVs being driven between these two scenarios is traded away in return for votes. 1. https://www.npr.org/2024/05/14/1251096758/biden-china-tariff... |
Otherwise, you’re just using regulatory capture to protect legacy auto profits and overly expensive vehicles. Protect US labor (within reason considering the value of a domestic manufacturing base and supply chain), but don’t protect the profits.