The European Commission is deliberating on the imposition of punitive tariffs for safeguarding EU automakers from the influx of lower-priced Chinese electric vehicle (EV) imports, which, according to the Commission, benefit from substantial state subsidies.
According to TechCrunch, European Commission President Ursula von der Leyen, in her annual address to the EU’s parliament on Wednesday, pointed out the oversaturation of global markets with cost-effective electric cars.
