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Now is a terrible time for a nanny tax on electric vehicles

2 0
05.01.2024

In an amazing turn of events, according to news reports, the Biden White House is exploring the possibility of raising the prices Americans pay for Chinese-made electric vehicles.

EVs, of course, are the type of automobile the administration would otherwise prefer that we Americans buy. Included in this new policy would be shipments from Tesla’s Shanghai plant and vehicles produced in Chinese-owned plants located in Mexico.

Chinese EVs — like it or not, an integral part of the market for environmentally friendly vehicles — are already subject to a 25 percent tariff. Now, the talk has turned to an additional border tax, no matter where such vehicles are produced, or which company makes them.

If releasing this information was a trial balloon for the public’s reaction, it should be shot down with shouts of hallelujah.

Why pick a time like this, when the Fed’s preferred inflation gauge is finally giving ground, to kick the shins of American consumers........

© The Hill


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