The concerns of European automakers
The reasons for the increase in tariffs
The European Union has recently approved a significant increase in tariffs for Chinese electric cars, reaching up to 38.1%.
This measure aims to reduce imports of Chinese vehicles to favor European automakers and encourage them to assemble their cars in Europe. However, this decision is not without causing significant concerns among European automakers.
The concerns of European automakers
European automakers, such as BMW, Audi, and Renault, have expressed their concerns regarding this increase. They believe that it could lead to a reduction in electric car sales in Europe, a market already in decline due to the removal of financial purchase aids in some countries.
Oliver Zipse, CEO of BMW, has warned against a spiral of protectionism that could isolate Europe and harm international cooperation.
Potential consequences
Risks for partnerships and collaborations
Many European automakers collaborate with Chinese brands: Volkswagen with Xpeng, Renault with Geely, and Stellantis with Leapmotor. These partnerships could be compromised by the new regulation, further complicating the European automotive landscape. Stellantis, for example, is considering producing its partner’s cars in Europe to counter these measures.
Impacts on markets and industries
The VDA, the German automotive industry association, has also expressed its concerns. According to them, the potential damage from this measure could be greater than the expected benefits for the European automotive industry, particularly for Germany. This opinion is shared by other companies such as Mercedes, which sees this measure as an obstacle to international trade.
Reactions and perspectives
Rising prices
As a result of this decision, electric car prices are expected to increase in the coming months. Tesla has already announced that the price of its Model 3 will increase in France from July 1st.
Awaiting possible revision
For now, the European Commission has not indicated whether it will revisit this decision. Critics are raising their voices to advocate for the dismantling of trade barriers rather than protectionist measures that could harm the European automotive industry in the long term.