EU to introduce potential retroactive tariffs on Chinese EVs

Green Forum
The European Commission initiated customs registration procedures for imports of Chinese electric vehicles (EVs), paving the way for possible tariffs if the ongoing EU trade investigation determines that these imports benefit from unfair subsidies.

The Commission's investigation focuses on assessing subsidies received by Chinese battery EVs and aims to safeguard EU producers through potential tariff measures. While the investigation is slated for completion by November, provisional duties could be enforced as early as July.

Citing a notable 14% year-on-year increase in imports since the investigation commenced formally in October, the Commission asserts it possesses compelling evidence indicating subsidization of Chinese EVs. It warns of potential harm to EU producers, which may prove challenging to mitigate, should the accelerated pace of Chinese imports persist before the investigation's conclusion.

In response, the China Chamber of Commerce to the EU expressed disappointment, contending that the surge in imports mirrors the growing demand for electric vehicles within Europe.

E.ON and alpitronic to promote electric mobility

E.ON and alpitronic to promote electric mobility

The E.ON Group is continuously investing in building new ultra-fast charging points across Europe. The company has ordered 4,500 additional fast charging stations from manufacturer alpitronic. They are to be used in customer-facing projects and public charging areas by 2025.

Global investment in clean energy to rise to $1.7 trillion in 2023

Global investment in clean energy to rise to $1.7 trillion in 2023

About $2.8 trillion is set to be invested globally in energy in 2023, of which more than $1.7 trillion is expected to go to clean technologies – including renewables, electric vehicles, nuclear power, grids, storage, low-emissions fuels, efficiency improvements, and heat pumps – according to the IEA's latest World Energy Investment report.

Green Forum  |  17 May, 2024 at 9:00 AM