The Rising Influence of Rising Affluence

[n4807g]

That's a good question. Once upon a time it was easy to dismiss Chinese EV's as inferior, but today they are actually innovators, particularly in battery technology. One thing is for certain; if domestic producers can't build a sub $25K EV with reasonable amenities and range a large segment of buyers will be priced out. I suspect that under the tariff umbrella domestic manufacturers have little incentive to build less costly EV's. One things for sure, adoption will be slower with the tariffs.