Possible affordable Chinese EVs tariffs have popular automaker boss begging EU for U-turn
A popular automaker has called on the EU to make a decision that he thinks would benefit the average driver when it comes to automotive costs and quality.
European Chinese EV imports currently receive a 10 percent tariff, while European EV exports to China receive a 15 percent tariff.
However, several German automakers, like Mercedes-Benz, rely on China for significant sales.
Mercedes sells more than a third of its cars in China, and Volkswagen is even higher, with the country accounting for 40 per cent of its sales in 2023, according to the Financial Times.
German auto executives also fear backlash against Western products from China in response to higher tariffs.
https://www.express....tomaker-boss-eu
BYD and other China-owned EV makers like MG have also recently launched more affordable electric cars in Britain priced at around £25,000 — around £15,000 less than an entry-level Model 3, Tesla’s least-expensive vehicle.
Edited by Victoria Watcher, Today, 06:39 AM.