Scope For China EV Tariff Reaction Widens Ominously

The European Automotive industry is nervously looking east to see the scope of reaction to the EU’s provisional decision to add penalty tariffs on Chinese electric vehicles, alleging illegal subsidies.Initially, the questions were straightforward.

After the initial announcement, Germany expressed a strong voice for free trade and against the raised tariffs, clearly buoyed by the needs of its important automakers. France, with fewer investments in the China auto industry, was happy to go along with the proposed tariffs, which proposed increased duties of up to 38.1% for SAIC and its MG brand, BYD 17%, and Geely 20%, on top of the basic 10% tariff.

“Nobody wants a trade war with China,” Automotive News Europe quoted Volker Wissing, transport minister from the German government’s Free Democrat coalition partner, as saying. Even if Chinese prices were forced sharply higher in Europe, these sales are likely to be more profitable than those in the cut-throat home market. Beyond 2025 and 2026, European automakers are likely to have “affordable” EV models available for the mass market, when competition was likely to intensify, Fitch said.

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European Auto Industry Awaits Possible China EV Tariff RetaliationAs a former European Automotive correspondent for Reuters, I’ve a spent a few years writing about the industry. I will penetrate the corporate hype and bluster and find out how these gigantic enterprises are really doing. I also love to drive their magnificent machines, and their more modest ones. I’ll be telling you if the technology works, too.
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EU China Tariff Action May Undermine Its Own EV Mass Market DriveAs a former European Automotive correspondent for Reuters, I’ve a spent a few years writing about the industry. I will penetrate the corporate hype and bluster and find out how these gigantic enterprises are really doing. I also love to drive their magnificent machines, and their more modest ones. I’ll be telling you if the technology works, too.
Source: ForbesTech - 🏆 318. / 59 Read more »