schizoidman@lemmy.ml to Electric Vehicles@lemmy.worldEnglish · 11 months agoEurope is looking to fight the flood of Chinese EVs. But Europeans love them | AP Newsapnews.comexternal-linkmessage-square9fedilinkarrow-up130 cross-posted to: technology@lemmy.world
arrow-up130external-linkEurope is looking to fight the flood of Chinese EVs. But Europeans love them | AP Newsapnews.comschizoidman@lemmy.ml to Electric Vehicles@lemmy.worldEnglish · 11 months agomessage-square9fedilink cross-posted to: technology@lemmy.world
minus-squareschizoidman@lemmy.mlOPlinkfedilinkEnglisharrow-up5·edit-211 months agoEurope already has a 10% tariff on cars imported from China. Furthermore China is the 3rd largest market for EU car exports https://www.acea.auto/fact/fact-sheet-eu-china-vehicle-trade/ Additional tariff on chinese car imports will have China doing the same on EU cars. Also most EVs in europe use batteries from China from the like of CATL & BYD. https://www.bloomberg.com/news/articles/2023-10-11/china-s-catl-byd-dominate-ev-battery-market-as-demand-grows#xj4y7vzkg
Europe already has a 10% tariff on cars imported from China. Furthermore China is the 3rd largest market for EU car exports
https://www.acea.auto/fact/fact-sheet-eu-china-vehicle-trade/
Additional tariff on chinese car imports will have China doing the same on EU cars. Also most EVs in europe use batteries from China from the like of CATL & BYD.
https://www.bloomberg.com/news/articles/2023-10-11/china-s-catl-byd-dominate-ev-battery-market-as-demand-grows#xj4y7vzkg