The European Union has made a decisive move to implement tariffs of up to 45% on electric vehicles (EVs) manufactured in China.
The European Commission, which received enough support from member states, views the tariffs as a protective measure to safeguard Europe’s car manufacturing industry from being undercut by lower-cost Chinese imports.
“The EU and China continue to work hard to explore an alternative solution that would have to be fully WTO-compatible, adequate in addressing the injurious subsidisation established by the Commission’s investigation, monitorable and enforceable,” stated the Commission.
Login to continue reading
Or register with AM-online to keep up to date with the latest UK automotive retail industry news and insight.