@notjustbikes Well, eventually is the key word here. Last year, China produced about 9.58 million EVs and 9.49 million of them were sold domestically, leaving a surplus of about 90,000. Meanwhile, US consumers bought about 1.2 million EVs; even if all of China’s surplus was bought up by Americans, that accounts for only about 7.5%.
The US Secretary of Treasury is either just plain wrong or is really bad a basic maths.