In the EU Parliament, there is increasing concern that cheap cars from China are putting pressure on the European car industry. Drastic steps are now being considered.
China's car industry is pushing the European one. It's no secret. But the question is whether the Chinese dictatorship does it with illegal state aid.
In any case, the President of the European Commission, Ursula von der Leyen, will now have investigated whether the Chinese keep the price of electric cars in particular artificially low with government subsidies.
Reuters writes that.
But in fact the EU is considering even wilder steps than just an investigation of the conditions. The EU is indeed considering imposing taxes such as customs duties on cars from China with retroactive effect.
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It can happen, writes Reuters, to ensure fairer competition on the European continent. The actual investigation into whether the Chinese are illegally holding hands under the country's car brands is not expected to be ready until around November.
But as early as this summer – more precisely in July – the EU can be ready with provisional customs rules for cars from China.
The EU Commission believes that it already has evidence that the Chinese government illegally supports the country's car industry.
Not surprisingly, the dictatorship in China has already reacted negatively to the EU's announcement. In a response to the EU, China states that the country is 'disappointed by the decision'.
At the same time, the Chinese added that their increased exports to the EU in particular reflect 'the Europeans' demand when it comes to electric cars'.
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