EV Prices to Rocket! What It Means for You!
Breaking news! The EU is set to impose hefty tariffs on Chinese electric vehicles (EVs), with rates potentially reaching up to 48%. This dramatic move combines new tariffs with existing ones and is set to take effect from the 4th of July. This decision stems from the EU’s ongoing concerns over heavy subsidies provided by the Chinese government to its EV manufacturers, which is seen as giving them an unfair advantage in the global market.
