Europe may need one of world’s highest tariffs to stop the Chinese EV influx

[JACK AYLMER]

YOUR NEXT EURO TRIP MIGHT JUST BE IN A CHINESE ELECTRIC VEHICLE.

CARS FROM THE PRC ARE TAKING OVER EUROPEAN ROADWAYS. 

AND IMPLEMENTING ONE OF THE WORLD’S HIGHEST TARIFFS MAY BE THE ONLY WAY TO STOP IT.

SOMETHING THE U.S. MAY ONE DAY HAVE TO CONTEND WITH AS WELL.

A QUARTER OF ELECTRIC VEHICLES SOLD IN THE EU THIS YEAR WILL BE MADE IN CHINA.

BEIJING’S STATE SUBSIDIES ON EVS HAVE ALLOWED CHINESE AUTOMAKERS TO ENTICE EUROPEAN DRIVERS WITH MUCH LOWER PRICE POINTS.

ON AVERAGE, THESE CARS ARE NEARLY A THIRD CHEAPER THAN THE AVERAGE EV SALE PRICE IN EUROPE.

BECAUSE OF THIS, CHINESE CAR COMPANIES LIKE BYD CAN ACTUALLY SELL SOME OF THEIR MODELS FOR TWICE AS MUCH IN EUROPE AND STILL HAVE THEM BE THE LESS EXPENSIVE OPTION.

THE BYD SEAL U FOR EXAMPLE COSTS AROUND $22,000 IN CHINA.

BUT EUROPEAN BUYERS WILL HAVE TO SHELL OUT ABOUT $45,000 FOR THE SAME CAR. 

DESPITE THE PRICE HIKE, THAT’S STILL ABOUT 10-THOUSAND DOLLARS LESS THAN THE AVERAGE EUROPEAN EV.

SO THE EU IS NOW LOOKING AT WAYS TO LEVEL THE PLAYING FIELD.

CURRENTLY THEY HAVE A 10 PERCENT TARIFF ON CHINESE VEHICLES- 

BUT IF EUROPE WANTS TO SLOW THEIR SPREAD THROUGHOUT THE CONTINENT, THAT’LL NEED TO GO MUCH HIGHER.

A NEW STUDY SHOWS AS MUCH AS A 50% TARIFF WOULD BE NEEDED TO SLOW THINGS DOWN.

MAKING IT ONE OF THE TEN HIGHEST DUTIES ON CARS AROUND THE WORLD.

IT WOULD ALSO BE NEARLY DOUBLE WHAT THE U.S. HAS IMPOSED ON VEHICLES FROM CHINA.

A RATE AMERICAN POLITICIANS HAVE ALSO PROPOSED INCREASING.

THE BIDEN ADMINISTRATION HAS REPORTEDLY CONSIDERED HIKING THE 27.5% TARIFF ALREADY IN PLACE. 

WHILE FORMER PRESIDENT TRUMP PROMISES IF HE IS RE-ELECTED, HE’LL BUMP IT ALL THE WAY UP TO 100%

I’M JACK AYLMER, WITH STRAIGHT ARROW NEWS-

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