Forecast 2025
Member Exclusive
Tackling the China EV Challenge: What to Expect Following the Introduction of Higher Tariffs on Chinese EVs by the United States and European Union
Key Takeaways
- The United States and European Union will soon implement higher tariffs on EVs made in China in response to what both governments see as unfair economic practices that threaten their domestic producers.
- Despite purchasing far fewer Chinese-made EVs than Europe, the United States is taking a tougher approach through higher tariff rates and potentially new national security-focused data and hardware restrictions.
- Recent statements from European leaders suggest that the EU and China may be able to reach an agreement on tariffs during upcoming consultations.
