On May 14, the White House announced significant tariff increases on Chinese EVs and batteries. EV tariffs will jump from 25% to 100%, and battery tariffs will rise from 7.5% to 25%. TrendForce posits that Chinese EVs account for less than 2% of the US EV market, making the actual impact of these tariff hikes minimal.
US Aims to Tap Domestic Lithium Supply Without Chinese Products shanghaisun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shanghaisun.com Daily Mail and Mail on Sunday newspapers.
US Aims to Tap Domestic Lithium Supply Without Chinese Products - The News Lens International Edition thenewslens.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenewslens.com Daily Mail and Mail on Sunday newspapers.
Earlier this month, the U.S. Department of Energy announced a record conditional loan of $2.26 billion to tap the largest known lithium reserves in North America. The loan is an important step in an effort by the U.S. government to reduce reliance on China for the metal used to make batteries. Analysts, however, say that…