European Union sets out tariffs to tackle Chinese EV 'threat'

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European Union sets out tariffs to tackle Chinese EV 'threat'
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The decision comes after an ongoing investigation into what the EU believes is China’s 'unfair subsidisation'.

Chinese electric cars may become pricier in the European Union after politicians called them a threat to its own industry.

The EU announcement comes off the back of an ongoing investigation into what it claims is a flood of cheap, government-subsidised Chinese cars into the trade bloc. EV makers who co-operated with the investigation launched in September will face an average 21% duty, while those did not will face one of 38.1%.The EU's intervention comes after the US made the much bolder move of raising its tariff on Chinese electric cars from 25% to 100% last month.

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