Biden Helping China More Than US?!

(DailyEmailNews.com) – In the liberal-championed race to turn America green to the detriment of our own industry and pockets, a new revelation hints that China is gearing up to get a huge boost from none other than Joe Biden.

With a mandate that 67% of new cars be electric or hybrid by 2032, the Biden administration’s recent push for a major shift toward electric vehicles (EVs) in the U.S. market has raised concerns over whether the domestic industry can meet such ambitious goals.

This has prompted worries that Chinese-produced EVs might be brought in to fill the void given that the regulations came amid slow EV adoption and manufacturing setbacks by U.S. companies,

Although the American market has had a lukewarm response to EVs, China’s electric vehicle sector, led by giants like BYD, has massively exploded and suggests it could potentially meet the U.S. market’s demand.

Marlo Lewis of the Competitive Enterprise Institute highlights how ironic this situation is. He pointed out that while U.S. regulations create a market for EVs, China stands as the global leader in EV production.

However, he also said the situation has arisen due to the Biden administration’s push to go green, which does not allow “U.S. companies to concentrate on their comparative advantage in pickups, SUVs, and minivans,” and prevents consumers from deciding which vehicles to buy.

BYD’s profit surge and China’s control over essential battery minerals emphasize the communist nation’s growing influence in the EV arena.

The U.S. has attempted to fight this by encouraging Americans to buy domestically made EVs with $7,500 tax credits to drive prices down and imposing bans on foreign components.

However, EV sales in the U.S. remain slow, causing a slump in market share and sparking adjustments in automakers’ EV ambitions.

This dynamic has prompted concerns that the U.S. could surrender automotive industry leadership to China, potentially boosting China’s superpower aspirations.

Current U.S. tariffs on EV imports act as a barrier to Chinese EV makers and are a legacy of the Trump administration, which sought to prevent China from taking over the EV market.

However, Chinese strategies like opening manufacturing bases in Mexico could bypass these tariffs and pose a competitive threat to both U.S. EVs and conventional vehicles.

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