The European Union says it will impose duties on imports of electric vehicles from China from Thursday, after talks between Brussels and Beijing failed to find an amicable solution to their trade dispute.
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Electric vehicles have become a major flashpoint in a broader trade dispute over the influence of Chinese government subsidies on European markets and Beijing’s burgeoning exports ofAccording to the European Commission, sales of Chinese-built electric cars jumped from 3.9% of the EV market in 2020 to 25% by September 2023, in part by unfairly undercutting EU industry prices.
“Any such solution would have to be effective in addressing the problem identified by the investigation, as well as World Trade Organization-compatible,” he told reporters. The commission manages trade on behalf of the 27 EU member countries. The EU’s retaliatory duties have run into opposition in Germany, which has Europe’s biggest economy and is home to major automakers.
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