Reported about 1 year ago
According to German sources including Deutsche Welle on June 21, 2024, the punitive import tariffs proposed by the EU as a barrier to Chinese electric car imports are seen as temporary obstacles. With Chinese automakers like BYD establishing factories in Europe, the effectiveness of tariffs in blocking Chinese competition will diminish. The focus should shift towards streamlining administrative processes, reducing bureaucracy, and lowering energy costs to enhance local companies’ competitiveness and expedite the transition to electric vehicles. The move to impose punitive tariffs on Chinese electric vehicles may backfire, harming local industries and Europe's green economic transformation, as argued by German newspapers such as Welt. The emphasis should be on quality and cost-effectiveness of products, acknowledging that Chinese electric vehicles may offer better value for consumers regardless of tariffs.
Source: YAHOO