The Guardian · 1 min read

Chinese EV sales surge to new high in Europe putting tariffs under scrutiny

Chinese EV sales surge to new high in Europe putting tariffs under scrutiny

Imports this year now account for 14% of the market amid claims vehicles are being dumped in the EU and UKChinese electric car sales have risen across Europe to a record high driven by strong demand and low tariffs in the UK and a surge in buyers in Italy.Against a backdrop of claims that Chinese carmakers are “dumping” state-subsidised vehicles in the EU and UK to gain market share, the figures will give impetus to calls for quotas and higher tariffs to protect European manufacturers. Continue reading...

This is a summary aggregated from The Guardian. Read the complete article on the original site:

Read full article at The Guardian

More Business & Finance News