Europe Prepares Tariffs on Flood of Cheap Chinese EVs

In response to the rapid increase in imports of Chinese electric vehicles (EVs), the European Union (EU) is considering the introduction of new tariffs. This move is aimed at protecting local manufacturers from competition with low-priced vehicles that are entering the market from China. It is anticipated that such tariffs could significantly impact the EV market in Europe, which is already facing challenges related to cost reductions and the rapid growth of Chinese manufacturers.

Continue reading