Reported 7 months ago
The European Union plans to increase tariffs on electric vehicles imported from China to address concerns over unfair subsidies benefiting Chinese EV manufacturers and threatening Europe's auto industry. The EU aims to impose duties of up to 38.1% on Chinese EVs, targeting major players like BYD, Geely, and SAIC. As the US raises tariffs on Chinese EVs, the EU seeks to balance affordable electric cars with protecting its own manufacturers, citing the need to prevent unfair competition and maintain a level playing field in the market.
Source: YAHOO