China has been accused of dumping cheap electric cars on EU countries. But poor sales, price wars and tariff threats have prompted a mood change among some Chinese auto producers.
European policymakers warned a few months ago that the continent was being flooded with cheap Chinese electric vehicles. They accused Beijing of backing major production overcapacity to allow China’s automakers to grow their share of the global EV market.
The European Commission, the EU’s executive arm, launched an anti-subsidy probe into the oversupply issue late last year and warned China’s EV makers that they could face a new import tariff to offset what Brussels said was unfair competition for European carmakers.
The United States is due to levy a 100% import tax on Chinese-made electric cars, up from the current 25%, which will effectively keep Chinese automakers out of the US market. The EU currently levies a 10% tariff.
Or, Don’t let their government funded cheap vehicles kill of your own industry only to price gauge you once they destroyed the competition.
And no, hybrid is not the plan. The aim is full electric in Europe… per law.
Government-funded cheap vehicles… Like Tesla, right?
The issue is with the Chinese owned and operated companies. Not Tesla. Tesla sucks for many other reasons.
How much of Chinese exports to Europe are from Chinese owned and operated companies selling Chinese-branded EVs?
Is there an updated version of this image? There happened a lot in the last 2 years!
I mean, how many BYDs do you see on European streets? How many Teslas?