The European Union (EU) has voted in favor of increasing tariffs against Chinese-made electric vehicles (EVs) on Friday.The European Union (EU) has voted in favor of extending tariffs against Chinese-made electric vehicles first enforced this summer (EVs) for a period of five years.
Whilst the European bloc has not made the outcome of the vote public, it has been reported that the measure passed with ten countries in favor, five against, and twelve abstaining.Tariffs will continue to reach up to 36% in addition to the bloc's 10% car import duty, and come following an EC investigation beginning last year alleging Chinese-state subsidies create an unfair advantage in the EV market.