The European Union plans to hit Chinese electric car imports with additional tariffs of up to 38 per cent from July 2024. on Chinese electric vehicles - the precise amount varies by automaker and in some cases is as high as 38 per cent - navigates a very precarious route between protecting domestic industry and provoking a full-blown trade war.
This partly reflects Germany’s concern that China could respond by increasing import duties on its very profitable gas-guzzling limousines and SUVs. But even French carmakers, who don’t sell as many cars in China, often haven’t sounded terribly vexed. In contrast, purely Chinese brands accounted for less than 3 per cent of the total western European car market in the first four months of this year, according to Schmidt Automotive Research, and lately their advance has shown signs of slowing.
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