plj
Active member
Has anyone heard of the effect of the revised NAFTA agreement on Bolts? The traction battery and motor are made in Korea...
From this article: https://www.citylab.com/transportation/2018/10/where-americas-charge-towards-electric-vehicles-stands-today/572857/
The new United States-Mexico-Canada-Agreement, signed by President Trump, Canadian Prime Minister Justin Trudeau, and Mexican President Enrique Peña Nieto last month, won’t help either. The update to the North Atlantic Trade Agreement calls for 75 percent of the content of a car or truck to be made from parts made in North America. Right now, the average conventional vehicle manufactured in the U.S. uses about 50 to 60 percent U.S.-Canadian content, but many electric vehicles are down in the 20 to 30 percent content range. Tariffs on that imported content will cause the average vehicle price to go up further, which may put downward pressure on adoption. Combined with the additional steel and aluminum tariffs, the new USMCA may mean widespread EV adoption is a pipe dream for the immediate future.
From this article: https://www.citylab.com/transportation/2018/10/where-americas-charge-towards-electric-vehicles-stands-today/572857/
The new United States-Mexico-Canada-Agreement, signed by President Trump, Canadian Prime Minister Justin Trudeau, and Mexican President Enrique Peña Nieto last month, won’t help either. The update to the North Atlantic Trade Agreement calls for 75 percent of the content of a car or truck to be made from parts made in North America. Right now, the average conventional vehicle manufactured in the U.S. uses about 50 to 60 percent U.S.-Canadian content, but many electric vehicles are down in the 20 to 30 percent content range. Tariffs on that imported content will cause the average vehicle price to go up further, which may put downward pressure on adoption. Combined with the additional steel and aluminum tariffs, the new USMCA may mean widespread EV adoption is a pipe dream for the immediate future.