Saturday, October 05, 2024

EU: Bloc Will Impose Tariffs on Chinese EV imports

[world politics news]


Big taxes will be imposed on imports of electric vehicles from China to the EU after the majority of member states have backed the plans.

The move to introduce tariffs aims to protect the European car industry from being undermined by what EU politicians believe are unfair Chinese-state subsidies on its own cars.

Charges of up to 45% are to be enforced on electric cars made in China for the next five years, but some fear the move could raise electric vehicle (EV) prices for buyers.

[FULL STORY HERE]

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