President Biden has applied tariffs to Chinese new model cars, up to 100%. Plainly, consumer demand to go green in the automotive industry is affected by the manufacturers who are hoping for a modification leading to less pressure for the public to buy electric cars compared to the popular combustible engine varieties.
Ultimately, the real issue is how much upheaval, destruction and catastrophe upon the earth can people be expected to recover from in where they work and live under climate change? Roadways are being flooded regularly due to tornadoes and storms. Can people live their normal lives with so much chaos in land contour and water inundation upon land once streets and roads but no longer?
China needs simply to store the electric cars of which its industry has more than enough to meet demand this year in order to reap profits from electric car sales in subsequent years.
In any case, globalization is working, despite glitches in its features due to protectionism of tech patents and innovations in the semiconductor chip industry and the current need to maintain employment levels to ward off a recession due to any overcapacity in the US production.
Nevertheless, the youth of all nations should take computer training to qualify for just about any field even at entry positions!
My opinion.
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