The European Union and China are discussing the possibility of lifting tariffs on Chinese-made electric vehicles in favor of setting minimum prices. This move could have significant implications for the European automotive market, particularly for companies like Tesla.
If the tariffs are lifted, Chinese EVs could become more competitive in the European market, potentially dominating the sector. The Chinese have made significant advancements in EV technology, including fast-charging capabilities, which could attract European consumers. The European Commission is set to discuss the proposal with China, with talks beginning immediately.