Financial Times on Nostr: Why the US can’t impose its will over global trade in electric cars ========== The ...
Why the US can’t impose its will over global trade in electric cars
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The US proposed a ban on Chinese software in EVs; EU member states are voting on anti-subsidy tariffs for Chinese EV imports; China produces over half of the world's electric cars; US EV market share is only 10% in 2023 compared to 38% in China and 21% in the EU; Biden's Inflation Reduction Act has limited impact; US allies like Australia and the UK are not excluding Chinese EV software; BYD has a manufacturing facility in Lancaster, California.
#ElectricVehicles #UschinaRelations #TradePolicy #EvMarket #BidenAdministration #EuTariffs #SoftwareSecurity #ForeignInvestment #AutomotiveIndustry #GlobalCompetition
https://www.ft.com/content/6f2ebd4d-b3a7-442c-92cb-6f6307b9499e
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The US proposed a ban on Chinese software in EVs; EU member states are voting on anti-subsidy tariffs for Chinese EV imports; China produces over half of the world's electric cars; US EV market share is only 10% in 2023 compared to 38% in China and 21% in the EU; Biden's Inflation Reduction Act has limited impact; US allies like Australia and the UK are not excluding Chinese EV software; BYD has a manufacturing facility in Lancaster, California.
#ElectricVehicles #UschinaRelations #TradePolicy #EvMarket #BidenAdministration #EuTariffs #SoftwareSecurity #ForeignInvestment #AutomotiveIndustry #GlobalCompetition
https://www.ft.com/content/6f2ebd4d-b3a7-442c-92cb-6f6307b9499e