The European Union and China have agreed to look into setting minimum prices of Chinese-made electric vehicles instead of tariffs imposed by the EU last year, a European Commission spokesperson said on Thursday.

  • ℍ𝕂-𝟞𝟝
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    4 days ago

    Yeah, but if the tariffs would have stayed in place, we would have potentially caused a trade war with China, isolating us against the US and Russia.

    If the minimum prices would have not been set, we would have lost additional industrial capacity, and while I loathe VW and BMW leadership, I feel for their workers.

    Yes, some EVs will be more expensive, but compared to those other outcomes, it only affects people buying new cars.