Subsidy Showdown - EU Tarrifs on Chinese EVs

Earlier in June, following months of investigation, the European Commission announced new tariffs on Chinese Electric Vehicles in response to massive state subsidies in the forms of research and development grants, sales tax exemptions and supply chain support being provided to Chinese EV makers by Beijing. Although countries such as the US and Turkey have already introduced tariffs on Chinese EVs, support among EU states for this move has been divided. The EU's provisional duties (which have been revised slightly since out interview) are set to apply by July 4th, 2024, with the investigation set to continue until November 2nd when finalized duties could be imposed for up to five years. In this episode, we welcome back Swedish journalist Jojje Olsson who shares his insights on the EV tariffs and the reactions within the EU. We discuss how Beijing is already finding ways to circumvent the tariffs, and we also examine how China's ongoing support for Russia in the Ukraine war is impacting EU decision making, and much more. #EVs #ElectricVehicle #Tariff #EU #ChinaSubsidies #EUTariff #ChineseEV #BYD #SAIC #Tesla