EU to investigate 'flood' of Chinese electric cars, weigh tariffs

[JaguarWarrior]

EU to investigate 'flood' of Chinese electric cars, weigh tariffs

The European Commission launched an investigation on Wednesday into whether to impose punitive tariffs to protect European Union producers against cheaper Chinese electric vehicle (EV) imports it says are benefiting from state subsidies.

www.reuters.com

 

[Tshering22]

EU to investigate 'flood' of Chinese electric cars, weigh tariffs

The European Commission launched an investigation on Wednesday into whether to impose punitive tariffs to protect European Union producers against cheaper Chinese electric vehicle (EV) imports it says are benefiting from state subsidies.

www.reuters.com

This investigation will only result in more trouble for the automakers currently vying for the Chinese market. Volkswagen Group would have to lobby the German government to halt this investigation, since usually they are raised by automaker lobbies and industry associations.