Critics say the European Union’s provisional tariffs on Chinese EVs could raise prices, reduce choice and slow the pace with which the EU meets its climate change mitigation targets. Some European automakers, especially those from Germany, oppose them. They also might not be high enough to actually stop the tide of Chinese imports. And yet supporters say these measures are necessary to offset the harm done by China’s pattern of generously subsidizing its own industries and subsequently crushing global competition.
Chapters:
01:37 Why EU’s tariffs won’t stop Chinese EVs
01:43 Chapter 1. Tariffs
04:03 Chapter 2. Climate vs. Industry
09:06 Chapter 3. Industry Opposition
Producer: Robert Ferris
Editor: Maria Chiu, Andrea Miller
Animation: Mallory Brangan
Senior Managing Producer: Tala Hadavi
Additional footage: Getty Images, Audi, BMW, Mercedes-Benz, Zeekr
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Why EU’s Tariffs Won’t Stop Chinese EVs
Author: CNBC
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News post in September 16, 2024, 6:04 pm.
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