Europe May Slap Retroactive Tariffs on Chinese EVs

In October 2023, Europe launched its formal investigation into the Chinese EV industry, as European companies continue to struggle to compete with the cheap, high-tech Chinese imports, made by low-cost labor, entering the European Union.

After months of investigation, the European Commission says it has found evidence that China has been “unfairly” subsidizing the EVs it exports to Europe. Possible “remedies” on the table include retroactive tariffs on Chinese EVs.

Source: Electrek:        Read The Article

PSR Analysis: This article was mentioned in previous issues of the Alternative Power Report and now that the EU has found its evidence, we can expect tariffs to be raised, especially as the European car market continues to flounder.    PSR

Guy Youngs is Forecast & Adoption Lead at Power Systems Research