{
  "id": 6334212,
  "title": "Ripple cofounder says California should allow Chinese EVs for low-income buyers: 'We're never going to make that stuff'",
  "url": "https://urgent.news/2026/09/08/ripple-cofounder-says-california-should-allow-chinese-evs-for-low",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-08T21:36:46.000Z",
  "source": {
    "name": "Business Insider",
    "slug": "business-insider",
    "url": "https://www.businessinsider.com/ripple-california-chinese-evs-low-income-2026-9"
  },
  "original_language": "en",
  "account": "Car and gas prices continue to surge. Chris Larsen, co-founder of Ripple, suggests allowing Chinese EVs into California to aid low-income buyers. Rising prices, especially in California, have made cars unaffordable for many. Larsen believes Chinese EVs, like the BYD Seagull ($10,000), could provide a solution. However, US regulators are concerned about Chinese vehicle software on American roads. Larsen proposes allowing income-qualified buyers to purchase these vehicles, but acknowledges they won't be made domestically.",
  "summary": "Chris Larsen, the cofounder of Ripple, said California has imposed the \"most regressive tax in the world.\" He said cheap Chinese EVs could help.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}