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2 mentions found


☆ The EU just made Chinese EVs a lot more expensive — and created a new threat for European automakers
  + stars: | 2024-10-04 | by ( Tom Carter | ) www.businessinsider.com   time to read: +5 min
Europe is clamping down on Chinese electric cars. European automakers are facing plunging EV sales and pressure over looming emissions targets. AdvertisementEurope is clamping down on Chinese electric cars — but the move to protect the continent's automakers could create a new problem for the likes of Volkswagen and BMW. The European Union voted to impose sweeping tariffs on Chinese EV makers on Friday as it seeks to protect its automotive industry from what the bloc claims are unfairly subsidized cheap Chinese electric vehicles. The European tariffs come after the US introduced its own trade restrictions against Chinese EVs earlier this year.
Persons: —, Teslas, Elon Musk, Tesla, Viktor Orbán, French carmaker Renault, Luca de Meo, Julia Poliscanova Organizations: EU, Service, Volkswagen, BMW, European Union, SAIC, Benz Group, BMW Group, Mercedes, Benz, VW, French, Reuters, Transport, Environment, Transport & Environment, Business Locations: Europe, China, Paris, Germany, Hungary, Frankfurt, Beijing
☆ EU strikes deal to ban the sale of new diesel and gasoline cars from 2035
  + stars: | 2022-10-28 | by ( Anmar Frangoul | ) www.cnbc.com   time to read: +2 min
The European Union is moving forward with plans to ramp up the number of EVs on its roads. In a statement Thursday evening, the European Parliament said EU negotiators had agreed on a deal related to the European Commission's proposal for "zero-emission road mobility by 2035." Formal approval of the deal from the European Council and European Parliament is required before it takes effect. "It means that the European Union will now be the first and only world region to go all-electric." "Make no mistake, the European automobile industry is up to the challenge of providing these zero-emission cars and vans," he added.
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