EU to vote on import taxes on Chinese electric cars

A pivotal European Union ,EU, vote is set to take place later on whether to impose big taxes on imports of electric vehicles from China.

Afinju FM
1 Min Read

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% could be enforced on electric cars made in China for the next five years if EU members back the proposals, but there have been concerns such a move could raise electric vehicle prices for buyers.

The decision also risks sparking a trade war between Brussels and Beijing, which has condemned thetariffs as protectionist.

China has been counting on high-tech products to help revive its flagging economy and the EU is the largest overseas market for the country’s electric car industry.

In the UK, demand for new electric vehicles hit a new record, but sales were mostly driven by commercial deals and by big manufacturer discounts, according to the industry trade body.

On Friday, SAIC – which owns the MG brand – said it would not change the price tags of its electric vehicles this year, regardless of the outcome of the vote.

Share This Article
Leave a comment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  • https://stream.zeno.fm/dk8ldnmy1wbvv