Tariffs & Electric Cars: Bloomberg Says It's Time To Welcome Chinese Cars To The US - CleanTechnica

Tariffs & Electric Cars: Bloomberg Says It's Time To Welcome Chinese Cars To The US - CleanTechnica

Tariffs that protect local industries have some benefits, but tariffs that exclude entire nations are ultimately self-defeating.

Responding to tariffs seems to be a bit brief – not only in the US, but also in Europe. Although the measures are being taken by Chinese manufacturers in their electric cars, they simply react with an increased sales of hybrid vehicles. A look at the current figures shows that BYD is successful with its new hybrid offering and is recording considerable growth. Although SAIC's growth is less strong, hybrids are catching up in sales to electric ca…