“Ban Chinese electric vehicles now,” demands US senator - Living Strong Television Network
“Ban Chinese electric vehicles now,” demands US senator

Enlarge / BYD electric cars stand at a BYD dealership on April 05, 2024, in Berlin, Germany. BYD, which stands for Build Your Dreams, is a Chinese manufacturer that went from making solar panels to electric cars. The company is seeking to gain a foothold in the German auto market. (credit: Sean Gallup/Getty Images)

Influential US Senator Sherrod Brown (D–Ohio) has called on US President Joe Biden to ban electric vehicles from Chinese brands. Brown calls Chinese EVs “an existential threat” to the US automotive industry and says that allowing imports of cheap EVs from Chinese brands “is inconsistent with a pro-worker industrial policy.”

Brown’s letter to the president is the most recent to sound alarms about the threat of heavily subsidized Chinese EVs moving into established markets. Brands like BYD and MG have been on sale in the European Union for some years now, and last October, the EU launched an anti-subsidy investigation into whether the Chinese government is giving Chinese brands an unfair advantage.

The EU probe won’t wrap until November, but another report published this week found that government subsidies for green technology companies are prevalent in China. BYD, which now sells more EVs than Tesla, has benefited from almost $4 billion (3.7 billion euro) in direct help from the Chinese government in 2022, according to a study by the Kiel Institute.

Read 9 remaining paragraphs | Comments

Optimized with PageSpeed Ninja

Protected by Security by CleanTalk