Earlier this month, the Biden administration announced major new tariffs on Chinese imports, including electric vehicles, batteries, solar cells, and a range of other goods.
But environmental groups warned it could hinder our efforts to meet our climate goals by making things like EVs and solar panels more expensive.
“The expiration of Section 301 tariffs will cause a further weeding out of underperforming e-bike companies and, unfortunately, consumers will most likely see prices rise across the industry,” said Levi Conlow, CEO of Lectric eBikes, in an email to The Verge.
And states across the country are recognizing the potential of e-bikes to help reduce emissions and car trips by offering rebates and other incentives to make them more affordable for consumers.
The Biden administration, though, is more fixated on getting people to switch from gas to electric cars, through $7,500 tax credits and billions spent on EV charging infrastructure.
But US companies have an opportunity to step up and reshore their manufacturing operations or find new international suppliers that are located in countries that aren’t the target of our protectionist government.
The original article contains 916 words, the summary contains 181 words. Saved 80%. I’m a bot and I’m open source!
This is the best summary I could come up with:
Earlier this month, the Biden administration announced major new tariffs on Chinese imports, including electric vehicles, batteries, solar cells, and a range of other goods.
But environmental groups warned it could hinder our efforts to meet our climate goals by making things like EVs and solar panels more expensive.
“The expiration of Section 301 tariffs will cause a further weeding out of underperforming e-bike companies and, unfortunately, consumers will most likely see prices rise across the industry,” said Levi Conlow, CEO of Lectric eBikes, in an email to The Verge.
And states across the country are recognizing the potential of e-bikes to help reduce emissions and car trips by offering rebates and other incentives to make them more affordable for consumers.
The Biden administration, though, is more fixated on getting people to switch from gas to electric cars, through $7,500 tax credits and billions spent on EV charging infrastructure.
But US companies have an opportunity to step up and reshore their manufacturing operations or find new international suppliers that are located in countries that aren’t the target of our protectionist government.
The original article contains 916 words, the summary contains 181 words. Saved 80%. I’m a bot and I’m open source!