While The US And EU Raise Trade Barriers, Australia Opens Its Doors To Chinese EVs

Australia's EV market is growing, and China wants a slice of the pie. But can they take the crown from Tesla?

Multiple Chinese automakers are looking to do battle in Australia , thanks to growing EV demand. Unlike the US and the EU, Australia is unlikely to implement trade restrictions and welcomes competition. Tesla remains the best-selling EV Down Under, but increased Chinese competition will threaten its lead. China needs to seek out new markets for its electric vehicles . While the country's automakers have been seemingly locked out of the U.S.

This affordability makes Chinese EVs attractive in markets where cost is a significant factor for consumers. While the US has intensified its efforts to block Chinese automakers from entering the market, the EU has proposed up to 38 percent taxes depending on the block's assessment of government subsidies. In contrast, a spokesperson for Australia's Federal Chamber of Automatic Industries said competition in the car market should be supported. Speaking to News.com.

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