Policies & Impacts

Chinese Electric Vehicles Could Subdue US Market If EPA Proposal Continues

The United States has been a tough nut to crack due to a tariff imposed during the Trump administration. In addition, the current EV tax incentives are only available for U.S.-manufactured vehicles. However, the EPA’s proposal to increase EV presence in the country presents China with an opportunity to rapidly expand in the U.S. market.
Chinese Electric Vehicles Could Subdue US Market If EPA Proposal Continues
Wang Chuanfu, chairman and president of BYD Auto, the biggest global electric brand by sales volume, prepares to show the latest cars during the Auto Shanghai 2019 show in Shanghai on April 16, 2019. Ng Han Guan/AP
Naveen Athrappully
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While China’s electric vehicle (EV) manufacturers have had a tough time breaking into the U.S. market, this could soon change as the U.S. Environmental Protection Agency’s (EPA) push for EVs could end up benefiting Beijing.

As the domestic market becomes increasingly saturated, Chinese EV manufacturers are looking to boost their exports abroad, with the United States being a major prospective market. The United States has been a tough nut to crack due to a 27.5 tariff percent imposed during the Trump administration which makes Chinese vehicles more expensive. In addition, the current EV tax incentives are only available for U.S.-manufactured vehicles.

Naveen Athrappully
Naveen Athrappully
Author
Naveen Athrappully is a news reporter covering business and world events at The Epoch Times.
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