The European Union, after much deliberation, nevertheless decided, following the United States, to limit the import of Chinese electric vehicles with duties, despite the objections of the largest European automotive power – Germany, which, in the event of retaliatory measures already promised by China, risks losing the gigantic Chinese market for top models of BMW, Audi, Mercedes and Porsche The United States and Europe accuse China of producing an excess amount of electric cars with large-scale government support and trying to flood the world market with them at dumping prices, which threatens to destroy the Western auto industry, which is forced to play by the rules of fair competition and do without government subsidies. China argues that there is no subsidized overproduction in the country, but only the blossoming of a new industry as a result of rapid innovation, bold investments, fierce competition between start-ups and the painstaking work of engineers working according to the traditional Chinese 9-9-6 (9 a.m. to 9 a.m. evenings six times a week). America introduced 100% tariffs on Chinese electric cars in May, but the Chinese did not supply almost anything there, because before that there were duties of 27.5% and the threat of a total ban if Donald Trump won the presidential election at the end of the year. Europe, unlike the United States, is buying cars from China more and more willingly and is in no hurry to break ties with its main trading partner and the second largest economy on the planet. Europeans are counting on investments from Chinese automakers in the production of electric vehicles and batteries for them. Largely because the abandonment of the internal combustion engine is one of the key points of the EU-approved strategy for reducing atmospheric emissions. However, domestic production of electric vehicles will clearly not be enough to achieve the ambitious goals of stopping the sale of cars with gasoline and diesel engines from 2035. And the main manufacturer of electric vehicles in the world is China. Read the full article here
