New EU tariffs on Chinese EVs won’t stop march to world domination
(This commentary came from ClimateCrisis247 partner CallawayClimateInsights.com)
It’s tempting to speculate that the EU’s surprise slapping of new auto tariffs on Chinese EVs this week of up to 38% was a Hail Mary by EU President Ursula von der Leyen to secure her job after the drubbing she took last week in parliamentary elections. But whatever the motivations, the new protectionism will simply delay the inevitable.
Chinese EV imports to Europe have grown seven-fold in the past four years to more than $11 billion, even with existing tariffs of up to 10%. Many Chinese automakers have also secured manufacturing joint ventures in Europe, which will likely allow them to skirt the taxes anyway.
Still, the shock to the auto industry was palpable and China will certainly have a reaction. Unlike with the U.S., it has more skin in the game in Europe.
The drumbeat of China’s dominance in all aspects of EVs, from minerals for the batteries to supply chains and nifty tech features, means that China will lead this market globally for some time. For EV buyers, that means lower costs and more choice — eventually. After the protectionist folly has run its course.
More from ClimateCrisis 247
- Biden-boosted $200B energy loan program set to be doomed by another Trump Presidency
- Yes, we mean you, MTG. How online Intrigue is harming the battle against climate change.
- Gone with the wind? Hurricane Milton means it’s time to Toss worn-out weather Forecasts
- The macArthur Foundation Folks sure Aren’t Geniuses – they Totally ignored Climate change
