The possibility of tariffs being introduced in Europe on Chinese electric cars produced in China scares some car manufacturers. It is the case of Volvowhich for this very reason has started to shift the production of its Chinese-made electric vehicles in Belgium. This was reported by Reuters, which cites the Times and which adds another element to the narrative: the Swedish car manufacturer is considering the possibility of stopping sales of electric vehicles built in China bound for Europe in the event that new duties are introduced.
From China to Belgium for fear of tariffs
A hypothesis which, however, is losing ground more and more, especially in recent days: the relocation of part of the production of the models Volvo EX30 and EX90 from China to Belgium should in fact negate the need for the company to suspend sales in the manner described above, so much so that the Swedish car manufacturer itself insisted on the fact that the stop of sales of electric vehicles manufactured in China is no longer taken into consideration as a scenario.
Volvo shifts production of its EVs
We recall that the European Commission, which oversees trade policy in the EU, last year launched an investigation to verify whether 100% electric cars assembled in China received some sort of distorting subsidies and therefore justified the imposition of additional duties: the final decision in this sense is expected for the summer, there is talk of early July even if there are no certainties since an investigation of this type, officially launched on 4 October, can last up to 13 months.
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