Mercedes and BMW are among the German carmakers that are openly against imposing new tariffs on Chinese EVs
Ten EU member countries voted in favor of tariffs on Chinese-made electric vehicles while five opposed them. Germany, Europe ’s largest economy, voted against the tariff hikes, raising concerns about potential trade retaliation. China has initiated probes into EU dairy, brandy, and pork products, widely viewed as retaliatory actions.
A senior advisor at Rhodium Group, Noah Barkin, is skeptical about a deal being reached, particularly since China has launched a probe into EU brandy, dairy, and pork products, widely seen as a retaliatory measure. Europe’s biggest economy, Germany, voted against the tariff hikes. Automakers in Germany are exposed to counter-measures from China, and in the lead-up to the vote, many expressed concerns about a tit-for-tat trade war.
Electric Vehicles Europe Industry Reports
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chinese EVs Can Undercut American EVs Even With TariffsChina's grip on the electric vehicle supply chain is so strong that despite U.S. tariffs, some models can still undercut American rivals.
Read more »
Battery EVs vs fuel-cell EVs: Could hydrogen power your next car?While battery EVs have a huge lead, there are still plenty of proponents of hydrogen EVs, or fuel-cell EVs. Could FCEVs actually take over? Well, probably not.
Read more »
New EV Supply Is Not Keeping Up With EV Demand: ReportThe supply of new EVs outnumbers used EVs at a 3 to 1 ratio.
Read more »
Europe Votes to Slap China-Made EVs With Tariffs—but Tesla Gets Off EasyDespite opposition from Germany, the European Union will start imposing tariffs as high as 45 percent on Chinese-made electric vehicles. Elon Musk’s marque takes the smallest hit.
Read more »
Chinese EVs To Remain Competitive In Europe Despite TariffsDespite new tariffs imposed by the EU on Chinese-made autos, analysts predict that Chinese electric vehicles (EVs) will remain competitive in the European market. The current tariffs are not considered a significant deterrent due to their lower severity compared to those announced by North America and the close ties between European and Chinese auto manufacturers.
Read more »
European Commission approves tariffs on Chinese EVsCharges of up to 45% will be applied to Chinese electric cars for the next five years
Read more »