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Snapshot 2:Fri, Oct 4, 2024 4:14:16 PM GMT last edited by TylerJ

EU Votes in Favor of Chinese Electric Vehicle Tariffs

EU Votes in Favor of Chinese Electric Vehicle Tariffs

    Above: Journalists experience ZEEKR 7X electric SUV on September 18, 2024 in Beijing, China. The ZEEKR 7X electric SUV will be launched on September 20. Image copyright: Chen Fangting/China News Service/VCG via Getty Images

    The Facts

    • 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.

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