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Europe’s EV plans could backfire

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Published: September 14th, 2023,
Last updated: May 28th, 2025

Even the former Swedish flagship brand Volvo could face punitive tariffs in the EU.
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The reactions from Beijing followed quickly. The Chinese Ministry of Commerce warned that the EU Commission’s investigation of the Chinese EV market would have negative consequences for the economy and impact trade relations between China and the EU as a whole. It said it was „highly concerned“ and „strongly dissatisfied“ with the European Union’s plans. „The Chinese side believes that the EU’s proposed investigative measures are to protect its own industry in the name of ‘fair competition.’“ It went on to say that this „naked protectionist behavior“ would hit the global automotive supply chain hard.

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Technologie Autoindustrie