The European Commission has announced new tariffs of up to 38.1% on electric vehicles imported from the Chinese mainland. This move aims to protect the European automotive industry from what the Commission perceives as unfair competition due to state subsidies in China.
However, the German Association of the Automotive Industry (VDA) has expressed opposition to these tariffs. Simon Schutz, spokesperson for the VDA, told CGTN that the German automobile industry does not support the imposition of additional tariffs. “We do not believe tariffs are a good measure to resolve this trade conflict,” Schutz stated.
The VDA represents major German car manufacturers that have significant investments in both Europe and China. The association fears that increased tariffs could lead to retaliatory measures, further escalating trade tensions between the European Union and China.
German automakers have been expanding their presence in the Chinese market, which is the world’s largest for electric vehicles. Collaboration between German and Chinese companies has been pivotal in advancing electric vehicle technology and driving innovation in the sector.
Industry analysts warn that the tariffs could disrupt supply chains and increase costs for consumers. There is also concern that such measures might hinder the global transition to sustainable mobility by creating barriers between key markets.
The European Commission’s decision comes amid growing competition in the electric vehicle market and calls for greater protection of European industries. The debate continues over the best approach to ensure fair competition while fostering international cooperation in the automotive sector.
Reference(s):
cgtn.com
