VW slams EU tariffs on Chinese electric cars, calls them detrimental to Europe market

📆 7/4/2024 12:16 PM
📰 malaymail

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BERLIN, July 4 — German auto giant Volkswagen today said EU moves to impose provisional extra duties of up to 38 per cent on Chinese electric car imports over subsidy concerns...

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Brussels announced the planned tariff hike last month at the conclusion of an investigation into Chinese state subsidies for electric vehicle makers potentially undercutting European manufacturers. The move to increase the price of Chinese imports also “limits the supply of electric cars to European customers and can therefore even slow down decarbonisation in the transport sector”, Zipse said.

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