The European Union (EU) is set to impose major taxes on electric vehicles imported from China after the majority of EU member states approved a proposal for steep EV tariffs. With the EU already levying provisional import tariffs of up to 38% on Chinese electric cars, the recently approved plan is part of the European Commission’s efforts to protect the EU’s automotive sector from “unfair competition.”
Chinese companies can manufacture electric cars at low cost and sell them at affordable prices thanks to a decade-plus of government subsidies and…
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