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Cheap electric cars from China: are there a threat of punitive tariffs?
Cheap electric cars from China are conquering Europe - German manufacturers are in a quandary. Find out why calls for tariffs are getting louder and the appliance industry is concerned. Helplessness or strategy? Find out more here.
Cheap electric cars from China: are there a threat of punitive tariffs?
The increasing popularity of inexpensive electric cars from China in Europe is causing concern for German manufacturers. This development brings back memories of the solar industry, which ran into financial difficulties due to cheap imports. Despite increasing calls for punitive tariffs from some political voices in Germany, local car manufacturers have so far resisted the pressure.
In the past, cheap imports from China have caused economic challenges in other sectors such as the solar industry. The fear is that a similar scenario is now emerging in the automotive industry. The local manufacturers are confronted with increasing competitive pressure, which they have so far been unable to counteract.
Despite increasing calls for protective measures from some politicians and industry representatives, German car manufacturers are reluctant to take active action against competition from China. In the long term, this could lead to a further weakening of the German auto industry and further increase the market share of cheap electric cars from China. It remains to be seen how the situation will develop and whether German manufacturers will find a strategy to meet the challenges.