Reported 5 months ago
Shares of electric vehicle manufacturers and their suppliers, including Blink Charging, QuantumScape, and Rivian, surged higher following the announcement of tariffs on imports into the U.S., which could impact EVs. The U.S. government is implementing tariffs on Chinese EVs and batteries to protect domestic automakers like Rivian, potentially benefiting QuantumScape. However, while tariffs may temporarily protect U.S. companies from cheap imports, they may not address the underlying issue of supply and demand imbalances in the EV market. Margins are declining, and profitability remains a challenge for companies like Rivian, QuantumScape, and Blink Charging despite the tariff measures.
Source: YAHOO