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European Union decides to implement tariffs on electric vehicles from China


The European Union has voted to adopt definitive tariffs on China-made battery electric vehicles, following an investigation that found unfair subsidies and a threat to European EV producers. The tariffs were first announced in June and provisional duties were put in place in July, with revisions made in September based on feedback. The decision comes after debates within the E.U. member countries, with France supporting tariffs and Germany expressing concerns for its carmakers. Hungary even threatened to veto a proposal from the European Commission. Some E.U. members are worried about potential retaliation from China, as they have already launched investigations into E.U. exports. Despite the tariffs, the E.U. is open to continuing talks with China. China has criticized the investigation, stating it is based on pre-set conclusions, and believes it promotes unfair competition. This decision marks a significant step in the E.U.’s efforts to address the issue of subsidies and ensure a level playing field for electric vehicle producers in Europe.

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www.nbcnews.com

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