EU Tariff Could Cost China Nearly $4 Billion in EV Sales ...Middle East

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EU Tariff Could Cost China Nearly $4 Billion in EV Sales
source : OILPRICE ( Middle East ) () 54
A potential EU tariff of 20% on China-made electric vehicles would cost China $3.8 billion worth of EV exports to the bloc, but it would also cost EU end-consumers “noticeably higher prices,” Germany’s Kiel Institute for the World Economy said in an analysis on Friday. The EU launched in October 2023 anti-subsidy investigations into EU imports of EVs from China to determine whether the value chains in China benefit from illegal subsidies. The findings of the investigation will establish whether it is in the…

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