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The EU wants to raise taxes on China's new energy vehicles? It's not easy!
Suddenly, the news that the EU is going to raise taxes on China's new energy vehicles exploded. To be honest, I thought it was a rumor at first. As a result, a closer look reveals that there is really such a thing! The EU plans to vote on whether to impose additional tariffs on Chinese new energy vehicles in October next year. This is a good thing, China-EU relations are about to make waves again.
How good are China's new energy vehicles? Europe is panicking!
It is really hard to say how popular China's new energy vehicles are in the European market. Two days ago, I saw a BYD Han EV on the street, and the shape, texture, tsk, I really didn't say anything. No wonder Europeans can't put it down.
Data shows that the share of China's new energy vehicles in the European market has reached about 8% last year, and it is still growing at a double-digit rate every year. Don't look at this number is not high, but the growth rate is terrifying! If this development continues, local European car companies may not be able to sit still.
Not only BYD, but also brands with cool shapes and strong performance such as NIO and Xiaopeng are also killing in the European market. Especially in countries such as Norway and Netherlands, China's new energy vehicles are simply "Internet celebrities" on the streets.
Europe can't sit still. You think, the automobile industry is one of the pillar industries in Europe, and it would be terrible if Chinese car companies robbed the market. Therefore, the EU has begun to think about raising taxes on China's new energy vehicles, in order to curb the momentum of Chinese car companies.
The EU's trick is ruthless enough, what does China think?
The EU's trick is really ruthless. It is said that they intend to impose additional tariffs of up to 20%. If this is really implemented, the price advantage of China's new energy vehicles in Europe will be gone.
In this regard, Wang Wentao, China's Minister of Commerce, is anxious. He personally went to Europe to mediate, trying to persuade the EU not to do this. But it seems that the effect is not very obvious.
Chinese Foreign Ministry spokeswoman Mao Ning also came out to make a statement, saying that this is a "typical protectionist and politically dominant behavior" of the EU. This is really to the point!
However, the EU seems determined to do this. According to Reuters, four countries — France, Greece, Italy and Poland — are likely to support the proposal. Together, the population of these four countries accounts for 39 per cent of the total population of the European Union, and 65 per cent of the population is needed to adopt this proposal. It seems that the EU side is planning to come for real.
Are Chinese car companies panicking? Is the European market still fragrant?
In the face of possible high tariffs in the EU, Chinese car companies must be a little panicked. After all, the European market is so sweet and sweet, who doesn't want a piece of the pie?
However, Chinese car companies are not vegetarians either. BYD has already built factories in Europe, so it can circumvent some tariffs. Other car companies are expected to make similar moves.
Moreover, the cost performance of China's new energy vehicles is leveraged. Even with the tax increase, it is still competitive in some market segments. Besides, European consumers are not stupid, they still recognize good cars.
However, if the tariffs do rise by 20%, the expansion rate of Chinese automakers in the European market will definitely be affected. However, this is not necessarily a bad thing. After all, the European market is so big, and Chinese car companies can't put all their eggs in one basket, right?
Who suffers in this matter? Consumers are hurt the most!
To be honest, the most likely losers in this matter are not Chinese car companies, nor European car companies, but European consumers.
If you think, China's new energy vehicles are cheap and easy to use, and European consumers can have more choices. If taxes are raised, prices go up, and consumers have fewer choices. Isn't this a typical meat bun beating a dog?
Moreover, with less competition, will local European car companies be lazy? Will the impetus for innovation wane? These are all questions.
In addition, the world is now working hard to combat climate change, and new energy vehicles are a major trend. Will the EU do this, will it affect the popularity of new energy vehicles? This is a great event for all mankind!
This matter is not over yet, what will happen next?
To be honest, it's hard to say. The EU plans to vote on October 4 next year, and it's hard to guess what the outcome will be.
However, it is interesting that Germany Foreign Minister Baerbock may visit China after the vote. Does this mean that Germany is still hesitant on this matter? After all, Germany is the big brother of the European automotive industry, and their attitude is crucial.
Overall, this will have to be observed. But one thing is certain, the competition between China and Europe in the field of new energy vehicles has only just begun. I'm afraid this battle will continue for a long time.
In any case, as consumers, we still hope to have more high-quality and cheap new energy vehicles to choose from. After all, who wouldn't want to drive a cool electric car and do their part to protect the planet?
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