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Biden really, really doesn’t want China to flood the US with cheap EVs
(www.theverge.com)
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this post was submitted on 10 May 2024
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You misunderstand. This is protectionism plain and simple. US car companies are horribly inefficient. Better yet, the US car cartel eliminated most of their budget models to push trucks and SUVs that are more expensive. It doesn’t take much to undercut them, so the US government is banning the competition.