Chinese automakers have found a way to circumvent new EU tariffs
Kyiv • UNN
Chinese manufacturers are increasing the export of hybrid cars to Europe due to new tariffs on electric vehicles. Hybrid exports to the EU tripled, reaching 65,800 units between July and October.
Chinese automakers are increasing their hybrid car exports to Europe and plan to expand their model lines for this market through EU tariffs on electric vehicles. In addition, some companies are moving production to Europe to reduce the cost of cars. This is reported by Reuters, writes UNN.
Details
The tariffs imposed by the European Union on electric vehicles do not apply to hybrid cars.
Chinese automakers are switching to PHEVs (plug-in hybrids) to circumvent new EU tariffs on electric vehicle imports from China.,
He expects hybrid car exports from China to Europe to grow by 20% this year and even more next.
Anti-subsidy investigations into Chinese imports of electric vehicles that began in October 2023 and slowing car sales in China have forced some automakers to change their European strategy to focus more on exporting hybrid models.
With 100% tariffs on Chinese-made electric vehicles in the United States and Canada, Europe is also one of the most obvious markets for Chinese automakers.
According to the China Passenger Car Association, from July to October, hybrid car exports to Europe more than tripled – to 65,800 units compared to the same period last year.
recall
New EU tariffs on Chinese electric vehicles do not apply to hybrid vehicles, allowing Chinese automakers to continue selling partially electric hybrids in Europe at lower rates, although they face competition from European manufacturers in this segment.
