Tuesday, 02 January 2024 12:17 GMT

US Motorists Are Embracing Chinese Electric Vehicles


(MENAFN- Investor Brand Network) Chinese electric vehicles remain locked out of the American market, but the appetite for them keeps growin. Tariffs introduced under the Biden administration pushed duties past 100%, sealing the border to Chinese EVs. Consumer curiosity has continued building regardless, fueled in large part by social media.

Russo's read is pragmatic: policy will keep Chinese EVs off U.S. forecourts for now, but if those barriers eased, well-equipped vehicles at accessible prices would likely find a ready audience. When that time comes for Chinese EVs to access the American market, domestic brands like Rivian Automotive Inc. (NASDAQ: RIVN) will need to be...

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