EU Considers Tariffs on Chinese EVs: The EU Commission may impose tariffs on Chinese EVs over alleged excessive support from China’s government.
Electric cars are widely accessible and affordable. This pricing method is possible with government help.
The EU Commission is probing China’s possible unfair backing of electric cars. Europe wants fair competition, not a price race.
Kemi Badenoch, UK trade rep, notes supply line challenges for electric car producers. Maintaining and growing the car business is crucial.
Salvini questions the EU’s response speed. He wonders if they were too busy, too dumb, or too clever to realize.
The VDA backs fair trade. Assess damage and potential Chinese actions for community welfare.
The ACEA General Director, Sigrid de Vries, will assist with the investigation. She thinks European car manufacturing needs to change quickly.
China’s competition and cheap car imports harm EU firms’ market share. It is especially true for electric cars, which have seen a rise in imports. The US IRA impacts electric vehicles in the supply chain.
Von der Leyen’s words prompted a competition study over the EU Commission’s industry imbalance awareness.
Chief Macro Economist at Equity Capital, Stuart Cole, says the EU worries about electric car competitiveness. He concurs.
Danni Hewson, AJ Bell’s Head of Financial Analysis, discusses fair competition in the electric car market amidst improving China-West relations. She wants to tax Chinese electric car companies to match European prices.
Electric cars, AI chips, and green energy face fierce competition.
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Our Reader’s Queries
What is the EU tax on Chinese cars?
Europe receives almost half of China’s exports, but the 10% tariffs on imported vehicles make it less attractive for Chinese manufacturers.
Are Chinese electric cars sold in Europe?
In a short span of time, Chinese automakers have made a significant impact on the European market with their cars. According to customs data, shipments of Chinese electric vehicles to the European Union have surged by a whopping 361% since 2021. This impressive growth is a testament to the quality and appeal of Chinese EVs, which are gaining popularity among European consumers. As Chinese automakers continue to expand their reach, it will be interesting to see how they fare against established players in the European automotive industry.
Are Chinese EVs subsidized?
China’s electric vehicle (EV) industry has received significant government support, much like other countries, as it emerges as a promising green sector. Since 2009, the government has been providing subsidies to EV producers for public transportation, taxis, and the consumer market. This support has helped the industry grow and establish itself as a key player in the global EV market.
Can you buy Chinese cars in the UK?
Ora, a new Chinese EV brand, has just launched its first model in Europe and the UK. The Funky Cat is a small electric hatchback that boasts a unique combination of art deco design, luxurious finish, and advanced technology. As the first offering from Great Wall Motors Group (GWM), the Funky Cat is sure to turn heads with its distinctive style and innovative features.