{"id":49393,"date":"2023-09-13T17:50:49","date_gmt":"2023-09-13T17:50:49","guid":{"rendered":"https:\/\/highwaytale.com\/?p=49393"},"modified":"2023-09-13T17:50:49","modified_gmt":"2023-09-13T17:50:49","slug":"eu-investigation-to-probe-flood-of-cheaper-chinese-cars","status":"publish","type":"post","link":"https:\/\/highwaytale.com\/car-reviews\/eu-investigation-to-probe-flood-of-cheaper-chinese-cars\/","title":{"rendered":"EU investigation to probe \u2018flood\u2019 of cheaper Chinese cars"},"content":{"rendered":"

An anti-subsidy investigation launched by the EU carries the threat of tariffs to make Chinese imports more expensive<\/h2>\n


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European car makers facing cut-price competition from Chinese rivals have helped persuade the EU to begin a trade investigation that could see consumers paying higher prices for EVs.<\/p>\n

Brussels believes cut-price Chinese electric vehicles are distorting the EU market, and endangering the current market leadership of its home-grown car makers. The investigation has been called for by states including France, where domestic car makers believe they are facing competition that\u2019s unfair.<\/p>\n

The probe was announced in a speech today by European Commission president Ursula von der Leyen. She stated that the electric car sector is a huge potential market for Europe\u2019s car makers, but \u201cglobal markets are now flooded with cheaper Chinese electric cars\u201d and that their costs are being kept artificially low by \u201chuge state subsidies\u201d. If the inquiry proves that is indeed the case, World Trade Organisation rules allow for the imposition of significant tariffs that could make buying Chinese cars much more expensive for consumers.<\/p>\n