EU Tariff Adjustments on EV Imports from Volkswagen and BMW
The European Commission is currently contemplating a significant tariff reduction for electric vehicles (EVs) imported from China by Volkswagen and BMW If this proposal passes, both automotive titans could see a drop in tariffs from the existing 37.6% to 20.8% for their EV models manufactured in China This initiative comes as a part of broader efforts to encourage cooperation and enhance the competitiveness of European car manufacturers in the global EV market..