Punitive tariffs threaten electric vehicle market in Europe

The European Union is set to impose new tariffs on Chinese electric vehicles (EVs) starting in October, if the member states approve the proposal. These so-called countervailing or punitive tariffs would be added on top of the existing 10% import duties.

The proposed tariffs are part of a broader effort to level the playing field, protect European automakers, and curb the growing market share of Chinese manufacturers in Europe.