Sectors
Foley & Lardner LLP partner Vanessa Miller describes how new tariffs are impacting the electric vehicle (EV) industry in the Associated Press article, “US electric vehicle industry is collateral damage in Trump’s escalating trade war.”
EVs are more expensive than gasoline-powered vehicles, and “tariffs add on to the costs of an EV transition that was already volatile and uncertain,” said Miller, chair of Foley’s national Automotive Team. Costs for automakers and their buyers may increase, as well as prices of many EV parts coming from China and certain other countries – and this may lead to a decrease in the manufacturing of EVs.
Miller’s commentary also appeared in ABC News, TIME, The Chicago Tribune, and MSN.
