EU Tariffs on EVs Would Cost China Almost $4 Billion in Trade
- A 20% tariff would mean 125,000 fewer Chinese cars to the EU
- Kiel Institute study doesn’t calculate retaliatory measures
Customers look at electric vehicles at a BYD Co. showroom in Budapest.
Photographer: Akos Stiller/BloombergThis article is for subscribers only.
European Union tariffs on Chinese electric vehicles would likely cost Beijing nearly $4 billion in trade with the bloc, according to a new analysis.
The number of Chinese EVs imported to the EU would drop by a quarter — some 125,000 vehicles — if Brussels were to impose a 20% import tariff, Germany’s Kiel Institute for the World Economy said Friday, citing its new study. Sales of locally produced vehicles would likely increase by almost the same amount.