EU considers imposing tariffs against Chinese EV companies

Variety and Tech
14-09-2023 | 03:02
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EU considers imposing tariffs against Chinese EV companies
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EU considers imposing tariffs against Chinese EV companies

The European Commission is considering imposing punitive tariffs to protect European Union automakers against cheaper Chinese electric vehicle imports, which the agency says benefits from state subsidies.

“Global markets are now flooded with cheaper electric cars,” said European Commission President Ursula von der Leyen during her annual address to the EU’s parliament. “And their price is kept artificially low by huge state subsidies.”

Read the full story at:
https://techcrunch.com/2023/09/13/eu-considers-imposing-tariffs-against-chinese-ev-companies/
 
 

Variety and Tech

European Commission

Tariffs

European Union

Automakers

China

Electric

Vehicle

Imports

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