The E.U. said yesterday that it would impose additional tariffs of up to 38 per cent on electric vehicles imported from China. Leaders called the measure an effort to protect manufacturers from unfair competition.
According to report, the move follows a month after the U.S. quadrupled its tariffs on Chinese E.V.s to 100 percent.
“By making it more expensive for consumers to buy lower-cost Chinese imports, the tariffs could slow adoption of electric vehicles in Europe — and also slow progress on emissions reduction,”
“But they could also help guard against job losses for European automakers”.
“That protection could help to maintain political support for green initiatives at a time when Europe’s decarbonization efforts are increasingly drawing backlash from voters who are upset with rapid price increases in recent years.”
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