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Podcast: Michigan in Focus
Episode: Report: US EV Manufacturing Faces âExtinction-Level Event'
Description: An Alliance for American Manufacturing report called for tariffs to protect the U.S. electric vehicle market from an âextinction-level eventâ caused by Chinese competitors. The report follows Chinese EV maker BYD, the worldâs largest EV maker, releasing a $14,000 EV in February that could âdemolishâ domestic EVs, often $40,000 more expensive. The report says China uses Mexico's trade relationship with the United States to avoid high tariffs. The Institute for Energy Research says BYD will dodge a 27.5% tariff from China by building a factory in Mexico where tariffs are 2.5%.
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