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Mexico Won't Offer EV Incentives to Chinese Automakers

The Truth About Cars

Chinese automakers are expanding into Mexico, with companies like BYD opening dealerships across the country. Automotive News reported that the country would not offer tax incentives or land discounts to Chinese automakers. They also want to take action to protect American EVs from cheap or subsidized Chinese models.

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Biden administration considers penalties for Chinese EV companies in Mexico

Teslarati

The Biden Administration is considering penalties for Chinese electric vehicle (EV) automakers who are moving production to Mexico. On May 14, 2024, the Biden Administration released new tariffs on Chinese EV imports and other sectors to protect American workers and businesses in the United States. According to U.S.

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BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits

Green Car Congress

The report “Decarbonizing Steel: A Net-Zero Pathway” outlines the path to making profitable, low-emissions steel and describes how a combination of falling hydrogen costs, cheap clean power, and increased recycling could reduce emissions to net zero, even while total output increases. China will continue to play a pivotal role.

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India steel, trade ministries in talks over rising Chinese imports, says source – ET Auto

Baua Electric

India’s steel and trade ministries are in talks over rising imports, particularly cheap Chinese goods, a government source with direct knowledge of the matter said on Saturday, amid persistent calls for higher tariffs from top producers. India imported 1.1 million metric tons of finished steel between April and May, up 19.8%

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Canada most recent country to consider tariffs on China-made EVs

Teslarati

Canada is now mulling the possibility of placing tariffs on China-made electric vehicles, becoming the most recent country to consider a potential tax on EVs that come from the world’s largest automotive market. tariffs on Chinese imports, including at least a 100 percent tariff on Chinese electric vehicles.”

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Farley: Chinese language automakers turning into EV ‘powerhouse’

Baua Electric

CEO Jim Farley says Chinese language electrical car makers are its primary competitors within the sector, however the corporate has hurdles competing on charge at a smaller scale. “We see the Chinese as the main competitor, not GM or Toyota,” Farley stated Thursday on the Morgan Stanley Sustainable Finance Zenith.

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Biden rumored to announce quadrupling of tariffs on Chinese EVs, up to 100%

Baua Electric

The US government is reportedly set to announce wider tariffs on several categories of Chinese goods, including various green products like solar panels and batteries, medical goods, and in particular an increase of tariffs on Chinese EVs from 25% to 100%. Photo is licensed under CC-CC0 1.0

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