EU to vote on import taxes on Chinese electric cars

Published On Oct 4, 2024, 4:56 AM

The European Union is set to vote on imposing tariffs of up to 45% on electric vehicles imported from China. This decision is primarily driven by concerns that Chinese state subsidies give their car manufacturers an unfair advantage, which could undermine European automakers. If approved, the tariffs would last for five years and could drive up EV prices for consumers. The move has faced mixed reactions within the EU, with countries like Germany opposing it due to their reliance on exports to China, while others, including France and Italy, support the tariffs. The outcome may escalate tensions between the EU and China, who have condemned the proposed taxes as protectionist.