The EU is considering widening its tariffs on Chinese electric vehicles to include hybrid vehicles, in an attempt to finally get an upper hand in the EV market. The move would extend the bloc’s existing anti-subsidy measures beyond battery-only models, broadening the range of cars which receive tariffs. Yet, the underlying truth is that tariffs have not worked so far: Chinese-made cars have even gained ground in Europe, with a record high — 12.8% — of the continent’s EV market share.
All Europe folds but Carney will bend the CCP’s will to his own designs!
