Hyperdrive
EV Charging Supplier Sees US Raising Costs by Cutting Off China
Zerova’s manufacturing costs in America are as much as 80% higher versus Asia.
An electric-vehicle charging sign near West 84th Street in New York. The US is aiming to have 500,000 chargers by 2030.
Photographer: Jeenah Moon/BloombergThis article is for subscribers only.
Taiwan’s Zerova Technologies is riding a boom spurred by demand for greener cars in the US. The maker of electric-vehicle charging systems is also navigating Joe Biden’s Inflation Reduction Act, and according to Chief Executive Officer Jay Yang, it isn’t an altogether positive law.
His take is that efforts to minimize reliance on China in the EV supply chain and encourage automakers to shift manufacturing to the US may raise costs for American consumers.