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Image header Agence Europe
Europe Daily Bulletin No. 13380
Contents Publication in full By article 23 / 26
NEWS BRIEFS / China

Anti-subsidy tariffs on Chinese electric vehicles would benefit European industry, according to T&E

27/03/24 (Agence Europe)European industry would benefit from the imposition of anti-subsidy tariffs on Chinese battery electric vehicles, according to the organisation Transport and Environment (T&E). The European Commission is currently conducting an anti-subsidy investigation into these vehicles (see EUROPE 13365/17). According to a study published by T&E on Wednesday 27 March, European industry could better face up to Chinese competition if tariffs were in place. A 25% tariff “would make mid-size saloons and SUVs produced in China more expensive than their EU-produced equivalents, or force Chinese carmakers to cut profits”, according to the authors of the study. However, the organisation also recommends that the EU encourage the production of electric vehicles and batteries to give European manufacturers a real advantage. See the study: https://aeur.eu/f/BJ0 (LM)

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NEWS BRIEFS