Close Menu
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Helios Blockchain Partners ZNS Connect to Launch Web3 Naming on Testnet

July 30, 2025

Will ADA outperform Bitcoin? – Charles Hoskinson’s 100x prediction explained

July 30, 2025

First Look: Inside United’s Newest Denver Club

July 29, 2025
Facebook X (Twitter) Instagram
  • Contact Us
  • Privacy Policy
  • Terms Of Service
Wednesday, July 30
Doorpickers
Facebook X (Twitter) Instagram
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking
Doorpickers
Home»Economic News»US auto tariffs help Chinese EVs to race ahead
Economic News

US auto tariffs help Chinese EVs to race ahead

March 27, 2025No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Get access to exclusive content from the Editor’s Digest for free

Discover Roula Khalaf’s top picks from the FT in our weekly newsletter.

Amidst the current challenges faced by major automakers, Chinese companies seem to be thriving. President Donald Trump’s proposed 25% tariffs on imported cars and auto parts are designed to incentivize manufacturers to move production to the US, but they are causing stock drops for European and Asian carmakers. Even US carmakers are feeling the impact as their costs are set to rise. On the other hand, China’s BYD, the world’s largest electric vehicle producer, saw an increase in their shares on Thursday. The tariffs could potentially push western carmakers further behind Chinese companies, especially as Chinese firms continue to introduce more affordable electric vehicle options and cutting-edge EV technology.

These tariffs come on the heels of what some analysts are calling a “DeepSeek moment” for the global auto industry, following China’s recent AI breakthrough. BYD recently unveiled a rapid EV charging system that can add approximately 470km of range in just five minutes, making charging electric cars as convenient as refueling traditional vehicles. In addition, BYD introduced a state-of-the-art self-driving system named God’s Eye, which they plan to incorporate into their entire range of vehicles.

While challenges like grid capacity may hinder BYD’s plans for thousands of fast-charging stations in China, their technological advancements highlight China’s growing dominance in EV innovation. With a strong manufacturing base supported by state-led industrial policies, China is reshaping the automotive industry. It is projected that pure electric and plug-in hybrid cars will outsell internal combustion engine vehicles in China by 2025, positioning China ahead of its western counterparts.

Meanwhile, the EU is considering relaxing emissions regulations in response to European automakers’ struggles to meet targets, potentially slowing down the momentum for electric vehicles. In the US, policies seem to be moving away from supporting EVs, with Trump looking to reduce consumer tax incentives for electric cars and prioritize traditional oil-based technologies.

Despite these challenges, US automakers like General Motors are committed to investing in reducing EV prices using revenues from conventional car sales. However, if the tariffs are implemented as planned, it could disrupt supply chains, increase costs, and deter consumers from purchasing vehicles. While many global carmakers rely on the US market for sales, Chinese companies like BYD have limited access due to existing tariffs on Chinese EVs. Nevertheless, Chinese automakers are making significant strides in emerging markets and are poised to become the world’s largest car exporter by 2023.

Although Tesla, a major US automaker, is well-positioned to withstand the tariffs with its domestically manufactured cars, it faces stiff competition from BYD’s innovative technologies. The threat of tariffs poses a significant obstacle for western carmakers in transitioning to clean technology, hindering the industry’s progress towards a sustainable future.

Ahead auto Chinese EVs race tariffs
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Delusional Seattle Democrats Blame Trump While Ignoring Their Role In Homelessness Crisis

July 29, 2025

End Game: Netanyahu Now Plans To Annex Gaza, Bowing To Extremist Members Of Coalition

July 29, 2025

NYC Blackstone Tower Shooter ID’d As Shane Tamura

July 28, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Lido Co-Founders Said to Plot Competitor to Sam Altman’s World Network

November 28, 20240 Views

Mortgage Rates Drop, Easing Affordability

August 29, 20240 Views

Trump explores unconventional methods to prevent TikTok ban

January 18, 20250 Views
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Latest
Crypto

Helios Blockchain Partners ZNS Connect to Launch Web3 Naming on Testnet

July 30, 20250
Crypto

Will ADA outperform Bitcoin? – Charles Hoskinson’s 100x prediction explained

July 30, 20250
Personal Finance

First Look: Inside United’s Newest Denver Club

July 29, 20250
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Terms Of Service
© 2025 doorpickers.com - All rights reserved

Type above and press Enter to search. Press Esc to cancel.