The Biden administration quadrupled tariffs on Chinese electric vehicles this week in order to protect American automakers. The tariffs are expected to rise to 100 percent from 25 percent for EVs. There are additional tariffs for critical minerals, solar goods and batteries. Critics of the EV tariffs say they go against national efforts to reduce carbon emissions, and they prevent a low-cost option for consumers looking to avoid gasoline prices.
, and higher EV prices in the near term. Ray Major, SANDAG NO: Tariffs are an extremely complicated taxing mechanism that often end up with unintended consequences. Most economists agree that the bulk of tariffs costs are passed on to the consumer, increasing the price of the imported good. In the case of EVs, consumers have many choices — many of them in the $100,000+ range.