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If Europe Penalizes China’s EV Imports, Unintended Consequences Loom – Forbes

If Europe Penalizes China’s EV Imports, Unintended Consequences Loom – Forbes

 

The European Union is reportedly close to imposing extra tariffs on Chinese electric car imports because of illegal government subsidies but investors and forecasters don’t expect it to make much difference to sales. If EU action is harsh, consequences could be of the unintended variety because it could spur Chinese retaliation in the short-term, and persuade its manufacturers to set up more plants in Europe long-term likely to quickly pressurize much less efficient local factories. Consumers would also end up… 

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