Chinese EVs Face Steep Tariffs in US and EU Amid Growing Market Presence

Western governments increase import duties on Chinese electric vehicles, citing economic and national security concerns.

The EU has announced new tariffs ranging from 17.4% to 38.1% on Chinese EVs starting July 4.
US President Joe Biden has pledged to quadruple tariffs on Chinese EVs to 100%.
Chinese EV manufacturers like BYD continue to expand their market share in Europe despite trade barriers.
The tariffs could impact the global EV supply chain and efforts to reduce carbon emissions.
Some analysts believe Chinese EV makers will adapt by localizing production in Europe.