The Patriot Post® · Biden's EV Tariffs Are a Play for Michigan
Joe Biden wants all Americans to drive electric vehicles by 2050. This is part of his party’s extremist climate agenda, which is also apparently the motive behind Biden’s anti-fossil fuel agenda.
The trouble is that while EV technology has come a long way, thanks in large part to Elon Musk and Tesla, EVs aren’t cheap. Furthermore, their limited range, their relatively long recharging time, and the lack of a widespread charging network make them impractical for most Americans.
While EV sales have been rising over the last few years, they still only made up 9% of all vehicles sold in the U.S. last year. Even with Uncle Sam putting his thumb on the scales in the form of $7,500 in tax credits, the average price of a new EV in the U.S. is well over $50,000. Compare that to the median after-tax household income of $64,240, and you get a good idea why EVs remain little other than a luxury accessory for those with more disposable income.
Biden’s problem is that there are indeed more affordable EVs on the market, but they happen to be made in China. China has been looking to flood the U.S. market with lower-cost EVs that would undercut U.S. auto manufacturers — or at least undercut Biden’s agenda for developing all-American-made EVs. For Biden’s green agenda to work, he has heavily invested American tax dollars into developing green tech in the U.S.
In January, Tesla’s Musk warned, “If there are not trade barriers established, [China] will pretty much demolish most other car companies in the world.”
The most expensive component of EVs is the battery, and China dominates the industry. But with the promise of more government funding, companies in six states are investing in the EV battery industry with the hope of eventually competing with China. Incidentally, one of those states is Michigan, a swing state that Biden can ill afford to lose if he is to win reelection. The United Auto Workers, which has a heavy presence in Michigan, endorsed Biden earlier this year, and he has to deliver the goods.
In that light, the Biden administration announced it was looking to embrace one of Donald Trump’s more criticized policies — tariffs. Trump raised tariffs against China over our nations’ glaring trade imbalance. Now, with Biden desperately seeking to keep Chinese-made EVs out of the U.S., his administration is planning to soon slap a 100% tariff on Chinese-made cars. That’s up from the current 25% tariff.
While protecting American auto manufacturers from China is not a bad thing, the reason that car prices keep rising in the U.S. is in large part due to Biden’s effective EV mandate via emissions regulations. Instead of supporting the free market and allowing Americans to make the best decisions for their needs, Biden is trying to force them into buying something they don’t want — something that will cost them more of their hard-earned dollars, all in the furtherance of a radical climate agenda.
Whenever politicians manipulate the market by trying to pick winners and losers, it negatively affects the American consumer, often hurting the poorest Americans the most. Biden’s economic policies have only made everything more expensive. And far from making EVs more affordable for consumers, Biden’s proposed tariffs will have the opposite effect. Consumers will pay the price. Indeed, if Biden had not pushed his green dream agenda, cars would be cheaper today.