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After that, the Biden administration decided to maintain these tariffs and even increase some of them — including solar panels, batteries, computer chips, steel and aluminum.
In addition, President Biden quadrupled tariffs on electric vehicles from China — from 25% to 100% — a move designed to boost US jobs and manufacturing.
"I am determined that the future of electric vehicles in America is made by unionized workers. Period!" Biden said.
This is conditioned by China's famous development plans, so it is not surprising that there is a large number of manufacturers of various types of electric vehicles, as well as an increase in electric cars on China's roads.
However, for the introduction of new technology, it is necessary to build the supporting infrastructure and services for battery charging.
Every smaller town in Serbia has its own Chinese shop, and bigger cities have Chinese shopping centers. If you have ever been in them you could see an incredible variety of goods. They say they have everything, from a needle to a locomotive. How is that possible? Have you ever wondered how someone collects it all in one place, consolidates it later and resells it, we will reveal the secret - they get the goods at YIWU. In this text, we will show you where and how.
In the previous text, we talked about the transformation of China's energy system and the gradual transition to renewable energy sources. In order to reduce pollution, one of the goals is to switch vehicles to environmentally friendly fuels.
When it comes to the electric vehicle (EV) market, China leads the way ahead of automotive giants like the US, Germany and Japan. Sales of new electric vehicles in China will increase by 82% in 2022, accounting for nearly 60% of global sales.
According to a report by the International Energy Agency, more than half of the electric cars on the world's roads are in China. China has achieved 35% of global exports of electric vehicles in 2022. while, Chinese automaker BYD sold more electric vehicles than Tesla in the fourth quarter of 2023. The question is, how did they do it?
Since 2004, electricity consumption in China has been growing at an unprecedented rate due to the rapid growth of industrial sectors. A serious shortage of electricity supply during 2005 affected the work of many Chinese companies. Since then, China has been investing very aggressively in electricity supply to meet industrial demand and thereby ensure economic growth. Installed electricity production capacities in China amounted to 443GV at the end of 2004 and 793GV at the end of 2008. The increase in these four years is approximately one-third of the total capacity of the United States, or 1.4 times the total capacity of Japan. All energy then came from so-called "dirty" sources.
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