EU Backs Large Tariffs on Chinese EVs But Talks Will Continue

Quick Summary:

EU votes to impose hefty tariffs on Chinese EVs, but says it will continue to talk with Beijing; a possible compromise could be arranged by setting minimum sales prices

The post EU Backs Large Tariffs on Chinese EVs But Talks Will Continue appeared first on Asia Financial.

It means that proposed duties on Chinese-built EVs of up to 45% will cost carmakers billions of extra dollars to bring cars into the bloc and are set to be imposed from next month for five years.

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Article Details

Author / Journalist: Jim Pollard

Category: InvestingBusiness

Markets: Hong KongAustraliaCanadaChinaFranceGermanyHungaryItalyPolandThailandUnited States

Topics: Global Green Energy Transport and Technology Leaders Index Market Insights World Fintech Fintech Insights Asia Transport Insights ESG Carbon Transport New Energy Energy Insights Electric Vehicles

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-04 @ 12:30:59 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: asiafinancial.com

Language: English

Article Length: 731 words

Reading Time: 5 minutes read

Sentences: 43 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Asia Financial

News ID: 22882888

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