UK Considers Raising Tariffs on Chinese EVs: Weighing Alignment with EU Policy
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View chart & analysis → - 1The UK has taken a different path from the US by imposing only a 10% standard import tariff on Chinese electric vehicles.
- 2Jonathan Reynolds, the UK Business Secretary, is reviewing a plan to match the level of levies imposed by the EU.
- 3Between early January and late August, Chinese automakers recorded a total market share of 28.1% for battery electric and hybrid vehicles.
So what's the key point?
The UK is looking into raising taxes on Chinese electric vehicles. This is an effort to align with the European Union while Chinese cars hold a 28.1% market share.
Source CNBC · View original ↗
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