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EU puts the brakes on Chinese EVs

EU puts the brakes on Chinese EVs
Will Fitzpatrick
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The EU has new plans to limit the flow of Chinese-made goods into the continent to address its massive trade imbalance with China. China exported more than $7.5 billion worth of electric vehicles to the bloc in the first half of this year, nearly three times as much as during the same period last year. An estimated 800,000 Chinese-made fully electric and plug-in hybrid vehicles are expected to be sold in the bloc this year. But the EU’s new restrictions come as rising fuel prices worldwide drive a surge in demand for electric vehicles. The question now is whether European automakers can fill the gap left by Chinese imports.

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