Electric Vehicles: Massive Tariffs Needed to Stop Cheap Chinese Imports, EU Analysis Shows
Brussels, Belgium – The European Union may have to impose tariffs as high as 50 percent to halt the influx of inexpensive Chinese electric vehicles into the region, according to recent analysis. The EU’s extensive investigation into Chinese electric cars is nearing its conclusion, with experts warning that current proposed actions may not be sufficient to dissuade Chinese automakers. Researchers at the Rhodium Group suggest that even with expected duties in the range of 15-30 …