Politics
Anti-China protectionism backfiring on American carmakers’ EV plans: analyst
Key Points
While Washington’s efforts to block Chinese electric vehicles (EVs) were originally intended to protect its domestic automotive industry, they have sparked concerns the strategy is hurting America’s carmaking competitiveness. With a lack of a coherent industrial policy discouraging long-term investment, the protectionist approach was backfiring on Detroit’s EV transition, said David Zhang, a macroeconomics and policy analyst at Trivium China, who added that EVs could be a “perfect...
While Washington’s efforts to block Chinese electric vehicles (EVs) were originally intended to protect its domestic automotive industry, they have sparked concerns the strategy is hurting America’s carmaking competitiveness.
With a lack of a coherent industrial policy discouraging long-term investment, the protectionist approach was backfiring on Detroit’s EV transition, said David Zhang, a macroeconomics and policy analyst at Trivium China, who added that EVs could be a “perfect concession” in...
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