Chinese EVs probably won’t offer incredible value for much longer – here’s why

The US government has said it will increase the border tax on Chinese-made electric vehicles from 25% to 100% in a move that President Biden hopes will halt the threat that more affordable EVs pose to its domestic carmakers. Chinese EVs imported to the US prior to the updated tariffs already face a 25% tax, alongside an additional 2.5% that affect any foreign vehicle import, taking the total to 27.5%, which means sticker prices of China-made vehicles in the US are competitive but not as cheap as many have feared. Take the upcoming Volvo EX30, as an example, which was…