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How will major Chinese EV manufacturers respond if H.R. 7980 is enacted by June 30, 2025?
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Resolution / Starting Odds
Increase prices of EVs in the U.S. • 25%
Decrease prices of EVs in the U.S. • 25%
Withdraw from U.S. market • 25%
No significant change • 25%
Official statements from major Chinese EV manufacturers
Story
U.S. House Passes H.R. 7980 to Limit EV Subsidies for Chinese Manufacturers
Sep 12, 2024, 03:51 PM
The U.S. House of Representatives has passed the 'End Chinese Dominance of Electric Vehicles in America Act' (H.R. 7980), aimed at limiting federal subsidies for electric vehicles (EVs) produced by Chinese manufacturers. The bill seeks to block taxpayer dollars from benefiting Chinese companies, a move supported by several Republicans and a handful of Democrats. The legislation is seen as a response to the Biden-Harris administration's policies that allegedly allow Chinese companies to profit from U.S. tax credits. The bill also aims to close loopholes in the 2022 tax-and-climate law, which some lawmakers argue subsidize Chinese manufacturing companies at the expense of American taxpayers. Notably, 192 Democrats voted against the bill, while 191 Democrats voted in favor of sending subsidies to Chinese auto-battery manufacturers.
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Increase • 25%
Decrease • 25%
No Change • 25%
Cannot be determined • 25%
Tesla • 25%
Ford • 25%
General Motors • 25%
Other • 25%
Impose tariffs • 25%
File another complaint • 25%
Negotiate with the U.S. • 25%
No major action • 25%
Retaliatory tariffs • 25%
Diplomatic negotiations • 25%
No action taken • 25%
Other economic measures • 25%
Pause investments in EU • 25%
Increase investments in EU • 25%
Shift focus to other markets • 25%
No significant change • 25%
Increase prices • 25%
Lobby against decision • 25%
No significant response • 25%
Other response • 25%
Establish factories in Europe • 33%
Reduce exports to EU • 33%
Seek new markets outside the EU • 34%
Increase prices • 25%
Offer their own rebates • 25%
No change • 25%
Other • 25%
Increase import tariffs on EU goods • 25%
File a dispute with WTO • 25%
Negotiate with the EU • 25%
No significant response • 25%
Increase EV incentives • 25%
Decrease EV production • 25%
No significant changes • 25%
Other strategic responses • 25%
Major industry pushback • 25%
Minor industry pushback • 25%
No significant response • 25%
Positive industry response • 25%