Biden Trade Official Warns of Chinese Dominance in American EV Market

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A proposed rule from the EPA would force U.S. automakers to sell mostly EVs by 2030, sparking concerns among that such a rapid shift would only further solidify China‘s dominance over the global critical minerals market used in EV batteries.

, chief counsel for China Trade Enforcement in the Office of the U.S. Trade Representative, said there are levels of defense the U.S. has against the communist nation from spreading its EV influence, including a 27.5% tariff on Chinese-made vehicles and new tax incentives to bolster domestic production.

“We will obviously continue to assess the challenges. We are vigilant to threats, and we won’t take things off the table,” Mr.said during a virtual event held by the Washington International Trade Association. “We will take responses as necessary to meet the challenges of protecting workers against unfair trade.”

A proposed rule from the Environmental Protection Agency would force U.S. automakers to sell mostly EVs by 2030, sparking concerns among the industry and Republicans that such a rapid shift would only further solidifyThe U.S. EV market share was roughly 7% of new cars sold in 2022. Industry analysts are also raising alarm bells about aggressive global expansion by Chinese automakers, prompting fears it will only become easier for

to penetrate the U.S. EV market or skirt tariffs by using operations in other countries to export vehicles.

 

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