submitted 1 week ago by MicroWave@lemmy.world to c/world@lemmy.world

China has been accused of dumping cheap electric cars on EU countries. But poor sales, price wars and tariff threats have prompted a mood change among some Chinese auto producers.

European policymakers warned a few months ago that the continent was being flooded with cheap Chinese electric vehicles. They accused Beijing of backing major production overcapacity to allow China's automakers to grow their share of the global EV market.

The European Commission, the EU's executive arm, launched an anti-subsidy probe into the oversupply issue late last year and warned China's EV makers that they could face a new import tariff to offset what Brussels said was unfair competition for European carmakers. 

The United States is due to levy a 100% import tax on Chinese-made electric cars, up from the current 25%, which will effectively keep Chinese automakers out of the US market. The EU currently levies a 10% tariff.

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[-] Gradually_Adjusting@lemmy.world 24 points 1 week ago

If airbnbs faced a heavy imposed cost all those years ago, designed to keep them from squeezing out legitimate hotels and causing a real estate bubble, where would we be now, one wonders.

The auto industry has so much better protection than we do.

[-] Neato@ttrpg.network 10 points 1 week ago

Did Airbnb cause hotels to go out of business? I thought they just made it hell to buy it afford a home.

[-] Gradually_Adjusting@lemmy.world 4 points 1 week ago

A quick search shows that hotel industry analysts do feel the pinch. How could they not, when airbnbs have earned something like $65bn since 2018. That isn't extra spending generated outside of hotel bookings. I can't think of a reason to suppose otherwise.

[-] dwindling7373@feddit.it 2 points 1 week ago* (last edited 1 week ago)

I keep reading about these crazy good affordable impossible to compete against electric Chinese cars.

Like... What models exactly so i can... avoid them?

[-] filcuk@lemmy.zip 0 points 1 week ago

I've had a fair amount of time with MG4.
For the cost of £30k, It's been really good so far.

[-] lnxtx@feddit.nl -2 points 1 week ago

Don't produce affordable EVs domestically

[-] yeahiknow3@lemmings.world 6 points 1 week ago

The point is that the Chinese EV’s are being heavily subsidized. But we shouldn’t trade with countries that lack labor protections and unions anyway.

this post was submitted on 11 Jun 2024
76 points (98.7% liked)

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