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EU nations pave the path for imposing supplementary taxes on electric vehicles hailing from China.

Potential price hikes for electric vehicles originating from China may ensue due to imposed...
Potential price hikes for electric vehicles originating from China may ensue due to imposed tariffs.

EU nations pave the path for imposing supplementary taxes on electric vehicles hailing from China.

Despite opposition from Germany's Federal Chancellery, EU nations have cleared the path for potential increased taxes on electric vehicles from China.

Achieving a majority among the 27 member states proved to be difficult during a vote held in Brussels on Friday, as reported by various diplomatic sources consistently. If everything goes as planned, these additional taxes, reaching up to 35.3%, are scheduled to be implemented by no later than early November.

EU countries, including those that opposed the decision in Germany, ultimately agreed on clearing the path for potential increased taxes on electric vehicles from China. This consensus among EU countries will likely have a significant impact on the automobile industry in China.

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