Europe Expected to Approve Higher Tariffs on Electric Cars From China

Published On Oct 3, 2024, 8:45 AM

The European Union is expected to approve significant new tariffs on Chinese-made electric vehicles, which could go as high as 45%. This move aims to protect European automakers from competition with cheaper, state-subsidized vehicles from China. The tariffs will be a top-up on the existing 10% tariffs already imposed on all imported cars. Support for the tariffs differs among EU member countries, with some backing them and others, like Germany, opposing them. Discussions with China regarding the matter are ongoing.