EU Tariff Could Cost China Nearly $4 Billion in EV Sales

A potential EU tariff of 20% on China-made electric vehicles would cost China $3.8 billion worth of EV exports to the bloc, but it would also cost EU end-consumers “noticeably higher prices,” Germany’s Kiel Institute for the World Economy said in an analysis on Friday. The EU launched in October 2023 anti-subsidy investigations into EU imports of EVs from China to determine whether the value chains in China benefit from illegal subsidies.

“The decline would largely be offset by an increase in production within the EU and a lower volume of EV exports, which would likely mean noticeably higher prices for end consumers,” they added. The analysis doesn’t factor in a retaliatory move from China, which has threatened a 25% car tariff on EU and U.S. vehicles with big engines, which will hit higher-end European brands such as Mercedes-Benz and BMW the most.

پاکستان تازہ ترین خبریں, پاکستان عنوانات

Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔

Elon Musk says he doesn’t want 100% tariff on China-made electric vehiclesTesla CEO would have preferred no tariffs, even though they’re beneficial to his company
ذریعہ: TheRegister - 🏆 67. / 61 مزید پڑھ »

New calls for next UK Government to introduce energy social tariff before winterIndependent Age said an energy social tariff would help pensioner, disabled and low income households.
ذریعہ: Daily_Record - 🏆 9. / 89 مزید پڑھ »