Big market: Cars waiting to be loaded onto a vessel for export at a port in Taicang in Jiangsu province. Last year, China exported nearly half a million units of EVs to the EU market. – AFP
BEIJING: The European Union (EU) will press ahead with hefty tariffs on China-made electric vehicles (EVs) despite a rift over its biggest trade row with Beijing in a decade, says an EU executive.
The proposed duties on Chinese-made EVs except those of foreign brands built in the country, of up to 45%, markedly higher than the previous around 37% rate, aims to offset the competitiveness of Chinese-made EVs in their cost performance in the EU market.
