The truth is, these new tariffs on electric vehicles are little more than a handout to legacy car companies like General Motors and Ford... Middle-class Americans should have access to these cars, and because of these tariffs, they will remain a luxury, available mainly to the rich.
Low-cost Chinese models that lower- and middle-income Americans could afford like BYD's Seagull, which runs for less than $10,000 aren't currently sold here largely because of tariffs over 25 percent.
The hope is that one day, U.S. automakers can offer Americans the low-cost electric cars they have long promised... in part because the companies (with the exception of Tesla) have been slow to scale up their E.V. production to the point where the costs could come down.
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