EU to vote on Oct 4 to finalize tariffs for China-made EVs, Bloomberg News reports

The European Union plans to vote on October 4 regarding potential tariffs of up to 45% on Chinese-made electric vehicles. This decision follows last-minute negotiations with Beijing to avoid new levies. The European Commission is considering proposing final tariffs of up to 35.3% on top of the existing 10% car import duty. For implementation, the proposal needs approval from a qualified majority of EU members. This move could significantly impact the electric vehicle market in Europe.READ FULL