Item 1 of 3 The BYD EV Dolphin Mini is displayed as the Chinese electric-vehicle producer announces the launch of the low-cost EV in Mexico City, Mexico February 28, 2024. REUTERS/Toya Sarno JordanThe BYD EV Dolphin Mini is displayed as the Chinese electric-vehicle producer announces the launch of the low-cost EV in Mexico City, Mexico February 28, 2024.
"The tariffs buy important time," said Michael Dunne, a consultant who has watched the Chinese auto industry for years. "The U.S. is five to seven years behind China when it comes to electric vehicles and battery supply chains." China protected its automakers in the 1990s and 2000s, Dunne said. "U.S. political leaders could rightly say we are just borrowing a page from China's playbook.
"If General Motors, Ford and Stellantis don’t have to compete against foreign companies that make EVs, they won't make them. The market will go to BYD. And the Americans will lose market share like they did in the 1970s," said Daniel Becker of the Center for Biological Diversity, an environmental group that has pushed the Biden administration for stronger climate policies.
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