German Media: EU Plans to Impose Anti-Subsidy Tariffs on Chinese Hybrid Electric Vehicles
¬ Media: European Demand for Electric Vehicles Rises Amid Fuel Price Increases
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According to reports by Germany's Handelsblatt, citing senior EU officials and industry sources, the European Commission is planning to impose anti-subsidy tariffs on hybrid electric vehicles produced by Chinese automakers. The report states that preparations are already underway, and once approved by a majority of EU member states, the European Commission could immediately implement these tariffs.
The report notes that the target of this move includes hybrid models manufactured by Chinese automakers such as BYD, Chery, and SAIC Motor. Since mid-2024, the EU has already imposed anti-subsidy tariffs ranging from 7.8% to over 35% on China-made pure electric vehicles.
China’s Ministry of Commerce previously stated that if the EU persists in advancing so-called new tools and adopts discriminatory restrictive measures against Chinese enterprises or products, China will firmly take countermeasures.
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Reuters, citing industry statistics and expert insights, reported that rising fuel prices triggered by the Middle East conflict have led to increasing demand for both new and used electric vehicles across Europe.
The report stated: "The rise in fuel prices caused by the Middle East conflict has boosted demand for new and used electric vehicles throughout Europe."
According to data, new electric vehicle registrations in 17 markets—covering 90% of car sales in the EU and European Free Trade Association countries—increased by 34% year-on-year in May.
Reuters also reported growing demand for used electric vehicles. In May, the number of potential customers in France interested in purchasing Chinese second-hand EVs increased threefold compared to the same period last year.
Analysts believe that used electric vehicle prices will rise by 10% this year.
On February 28, the United States and Israel launched strikes against targets inside Iran, resulting in over 3,000 deaths. The escalation of conflict effectively halted shipping through the Strait of Hormuz, leading to fuel price increases across most countries globally. On June 15, U.S. President Trump stated that with the signing of the U.S.-Iran agreement on June 19, the Strait of Hormuz would reopen accordingly.
Additionally, previous reports indicated that shipowners would not resume transport through the Strait of Hormuz in the coming weeks unless they are confident the U.S.-Iran agreement holds substantial significance.
Source: sputniknews
Original article: toutiao.com/article/1868379532312649/
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