The EU is expected to hit Chinese electric cars with tariffs

Chinese firms are said to be able to make electric cars for 25% less than their European and US rivals

For European manufacturers that is a worrying prospect. They fear the little Seagull will become an invasive species, one of a number of Chinese-built models poised to colonise their own markets at the expense of indigenous vehicles. According to a report by the Swiss bank UBS, published in September, the Chinese advantage is real. It suggested that BYD could produce cars atIt said BYD and other Chinese firms were “set to conquer the world market with high-tech, low-cost EVs for the masses”.

“The 100% tariff is just pure protectionism, regressive and stifles innovation, and prevents a competitive landscape for the consumer," he says. Earlier this year, Volkswagen Group’s chief executive Oliver Blume warned that the introduction of tariffs was “potentially dangerous”, because of the risk of retaliation.

Carlos Tavares, head of the Stellantis group which includes Peugeot, Citroen, Vauxhall/Opel and DS, has described them as “a major trap for countries that go down that path”.

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