Industry reports or government statistics on automotive production

EU Votes to Impose Up to 45% Tariffs on Chinese Electric Vehicles, Germany Opposes

Oct 4, 2024, 02:17 AM

The European Union has voted to impose tariffs as high as 45% on electric vehicles imported from China, a move that is expected to escalate trade tensions with Beijing. The vote, held on October 4, saw 10 countries in favor, 5 against, and 12 abstaining. France, Italy, and Poland were among the countries supporting the tariffs. Germany, which opposed the tariffs, cited concerns over a potential trade war and the impact on its auto industry. Major German automakers like BMW and Volkswagen have urged the government to vote against the tariffs. Despite Germany's opposition, the EU Commission's proposal received the necessary support from member states. The decision comes amid rising tensions and strategic trade considerations between the EU and China.