Oldsmobile-88
Very well known Exeweb poster
Trouble brewing on the horizon with the bulk import of EV cars to the EU from China.
The Chinese produced EV’s will be about 20% cheaper than EU production EV’s due to Chinese State Subsidies according to Ursula Von der Leyer the EU Commission President.
If the EU put a higher import tariff on non EU vehicles which is currently 10%, the Chinese are likely to retaliate with their own tariffs, something that mainland European car manufacturers will be keen to avoid as they seek to expand EV sales into the huge China market.
All this is bad news for the EV market, that has had a sluggish year.
The UK market will be affected by some of the expected fallout from this, possibly higher EV costs, as if they are not expensive enough at the moment for the average car buyer.
The Chinese produced EV’s will be about 20% cheaper than EU production EV’s due to Chinese State Subsidies according to Ursula Von der Leyer the EU Commission President.
If the EU put a higher import tariff on non EU vehicles which is currently 10%, the Chinese are likely to retaliate with their own tariffs, something that mainland European car manufacturers will be keen to avoid as they seek to expand EV sales into the huge China market.
All this is bad news for the EV market, that has had a sluggish year.
The UK market will be affected by some of the expected fallout from this, possibly higher EV costs, as if they are not expensive enough at the moment for the average car buyer.