Taiwan’s Zerova Says Cutting China Out of U.S. Charging Market Will Raise Costs

(Bloomberg) —Taiwan’s Zerova Technologies is riding a boom spurred by demand for greener cars in the U.S. The maker of electric-vehicle charging systems is also navigating President Joe Biden’s Inflation Reduction Act, and according to Chief Executive Officer Jay Yang, it isn’t an altogether positive law.

Efforts to minimize reliance on China in the EV supply chain and encourage automakers to shift manufacturing to the U.S. will initially raise costs for American consumers, Yang said.