The USA will have the same problem as the EU, the USA cannot compete with China on EV pricing and quality its plain and simple. If USA tries to implement tariffs to protect their own EV manufacturing then the Chinese will retaliate which will mean that other raw materials needed from China will be stopped.
“dependencies not only on the final product, but on the component side and raw material side."
Firebird FRB has the right idea, do a deal with ChinaEuropean automakers warn against EU tariffs on Chinese EVs- Top executives at BMW Group and Volkswagen Group have warned against imposing new EU tariffs on Chinese EVs.
- The EU commission launched an investigation into Chinese subsidies and is weighing up imposing new import tariffs on EVs.
- European Commission President Ursula von der Leyen said in Berlin on Wednesday that Europe needed to take steps to prevent China from flooding the bloc's market with subsidised EVs.
- The executives have warned that this move could upend the bloc's Green Deal plan and harm automakers that import cars made in China.
- BMW CEO Oliver Zipse said European automakers have “dependencies not only on the final product, but on the component side and raw material side."
- The introduction of new duties could backfire as new EU CO2 emission standards will require more EVs, that are reliant on Chinese battery materials.
- Zipse followed up saying that, tariffs would undo the EU's industrial plan to ensure the bloc is a frontrunner in cutting carbon emissions and developing the technology required to do so.
- Both BMW and VW import Chinese-made EVs and rely heavily on revenues from its Chinese business.
EU tariffs on Chinese EVs could backfire, German car bosses warnGerman automakers fear retaliation if the European Union imposes punitive import duties on EVs from Chinese manufacturers."You could very quickly shoot yourself in the foot," BMW
(BMWG.DE), opens new tab CEO Oliver Zipse told reporters after the German premium automaker reported
quarterly results.
BMW imports Chinese-made Mini EVs and the iX3 into Europe.
Like its German rivals Volkswagen
(VOWG_p.DE), opens new tab and Mercedes-Benz
(MBGn.DE), opens new tab, BMW is heavily reliant on revenues from its Chinese business.
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