"U.S. Energy Secretary Warns of Chinese Threat to Electric Vehicle Market"
U.S. Energy Secretary Jennifer Granholm warned that China could flood the U.S. electric-vehicle market, posing risks to national security, as Chinese EV makers rapidly release new models and export millions of vehicles. The U.S. is taking steps to boost domestic EV supply chains and restrict tax incentives for vehicles with battery components from certain foreign entities, including China. The White House is probing whether Chinese vehicle imports pose national security risks, and the U.S. Senate has approved a bill that could restrict business with Chinese biotech firms on national security concerns.