Access of Chinese Hybrid Cars to the European Market Could Be Restricted!
Chinese-made hybrid vehicles currently account for approximately a quarter of total sales in Europe.
The European Union is considering introducing new trade restrictions amid the rapid growth in sales of Chinese-made hybrid vehicles. According to sources, the European Commission could use tariff quotas to limit hybrid vehicle imports.
Chinese-made hybrid vehicles currently account for around a quarter of total sales in Europe. At the same time, the growth in imports of Chinese-made electric vehicles, which already face high tariffs, has slowed.
The planned measure is expected to be temporary. The Commission is considering hybrid vehicles as a test sector for the new trade mechanism. If the measure proves successful, similar restrictions could be introduced in other sectors.
EU Trade Commissioner Maroš Šefčovič is expected to meet Chinese Commerce Minister Wang Wentao in Beijing. The outcome of the talks could influence the EU's plans. One of the objectives is to prevent possible retaliatory measures from China.