Protectionism and EVs: Impact of Tariffs on Rivian, QuantumScape, and Blink Charging Stocks

Protectionism and EVs

The U.S. government announced 100% tariffs on Chinese EV imports starting Aug. 1, impacting companies like Rivian seeking to bolster domestic supply.

• Batteries Tariffs: Batteries face 7-25% tariffs, potentially affecting manufacturers and favoring QuantumScape's U.S. demand.
• Blink Charging Update: Mitsubishi UFJ Asset Management's stake increase may not alleviate Blink Charging's losses.

Will tariffs save the U.S. EV market?

Tariffs aim to defend U.S. automakers; however, supply concerns persist amid growing competition and declining margins in the EV market.

1. Supply Challenges: Equinox EV entry by General Motors poses competition for Rivian, while QuantumScape's battery differs, highlighting supply diversification.
2. Profitability Concerns: Tariffs may not ensure long-term profitability for Rivian, QuantumScape, or Blink Charging.