Biden's Tariff Hike Targets Chinese EVs and Batteries
The Biden administration's new tariffs on electric vehicle batteries from China will also impact ebike batteries, raising tariffs from 7.5% to 25% by 2026. This has sparked concerns in the cycling industry about increased costs for Chinese-made bicycles and components, potentially affecting US consumers and the adoption of ebikes. The future of tariff exclusions for other cycling products remains uncertain, with advocacy groups urging for extensions to avoid price hikes. The US is experiencing an ebike boom, with sales peaking in 2022 and state-level rebate programs showing promise in promoting ebike use and reducing carbon emissions.