Home / Business and Economy / EU Eyes Tariffs on Chinese Hybrids Amid Trade Tensions
EU Eyes Tariffs on Chinese Hybrids Amid Trade Tensions
26 Jun
Summary
- EU prepares new tariffs on Chinese hybrid cars.
- Chinese automakers benefit from subsidies and lower trade barriers.
- Chinese cars now exceed ten percent of European new car sales.
The European Union is preparing to implement further tariffs on Chinese hybrid vehicles. This action is a response to the competitive edge Chinese car manufacturers currently hold due to access to state subsidies and more favorable trade conditions for hybrids.
These advantages have allowed Chinese-made cars to represent a significant and growing portion of new vehicle sales within Europe, now exceeding one in every ten new purchases. The EU's measures are intended to safeguard its domestic automotive industry against this increasing market penetration.
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