The threat of masses of cheap EVs made in China has governments concerned in Europe and the US. The USA has introduced a bill that would raise the tariff on EVs from China to 100% to protect US auto workers “from the existential threat posed by China” but Europe has no such tariff protections. The lack of high import tariffs has encouraged Chinese manufacturers to look to Europe as a place where they can send boatloads (literally) of electric cars.
A report by the Financial Times claims that Chinese manufacturers are sending more EVs to Europe than they can sell, which has led to thousands of EVs being parked at port facilities. The port operators are displeased because the glut of cars is interfering with other port activities. Some now say they are no longer ports but rather car parks for newly arrived Chinese EVs
Source: CleanTechnica: Read The Article
PSR Analysis: The whole Chinese EV car supply situation is absolute chaos and will only get worse when EV manufacturers like BYD introduce their own ocean going car carriers. Given this scenario, its becoming very hard to look past allegations of dumping, so we can reasonably expect that the EU will also consider tariffs. PSR
Guy Youngs is Forecast & Adoption Lead at Power Systems Research
