Honestly in my opinion it is time to remove all tariffs on EVs under 25k and let anyone who wants to fill that slot in.
One essential thing bears repeating: it’s not the manufacturer that bears the cost of tarriffs, it’s the customers. Or said another way, if BYD cars double in price in the US, it’s American customers who will pay the difference.
A certain presidential candidate loves to beat that drum but consistently fails to mention that the immediate effect of new tarriffs is making Americans poorer.
Re-read what I wrote:
Do tarriffs work? Maybe. You also have to remember that China will retaliate and impose tarriffs on US good, so overall the effects of tarriffs are rarely a net benefit for anyone - which is why they’re rarely a good idea.
But the fact remains that the day after tarriffs are applied, Americans lose access to cheaper goods. That’s just a dry fact.