Tesla (NASDAQ: TSLA) sales are hit by Musk’s far-right politics, with declines in California, Germany, and the UK as consumers flee the brand.
BYD
Latin America could emerge as a critical market for Chinese EVs, which are facing greater barriers to entry into the U.S. and European Union.
Biden’s 100% tariff on Chinese EVs might encourage similar protective actions in Europe, reinforcing a global shift toward localization.
The Biden administration’s new tariffs on Chinese EV imports are aimed at staving off the entry of brands like BYD into the U.S. market.
Emerging Asian economies are taking advantage of their late-developer status to increase their economic power through massive investments in EVs.
China exported 3.1 million vehicles in 2022 growing by over 50 percent over the previous year.