Hungary Opposes EU's Proposal to Raise Tariffs on...
International News
June 21, 2024
Chinese-made electric vehicles face a potential roadblock in Europe as the EU considers raising tariffs to protect European car manufacturers from alleged unfair competition. However, Hungary has expressed opposition to the proposal, highlighting internal disagreements within the bloc. Chinese EV makers currently hold an 8% share of the EU market, a significant rise from under 1% in 2019, with projections suggesting this could increase to 15% by next year.