The European Commission yesterday announced Chinese EVs could be hit with tariffs as high as 38.1%
The European Commission’s four-week countdown to impose additional tariffs as large as 38% on Chinese electric cars could ultimately do more harm than good to European car makers.
" The report itself makes for remarkable reading into just how great an advantage Chinese car makers enjoy on cost and state support. It reveals that Chinese car makers enjoy state support at every part of an EV's manufacture, from mining the raw materials in the batteries to the shipping containers that take them to Europe. There are tax breaks and other financial support measures every step of the way.
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