EU tariffs on Chinese electric cars 'threat to market'

  • 📰 trtworld
  • ⏱ Reading Time:
  • 31 sec. here
  • 25 min. at publisher
  • 📊 Quality Score:
  • News: 96%
  • Publisher: 63%

Turkiye News

Turkey,Middle East,Africa

SMMT Executive Director Mike Hawes emphasise the UK's open market and need for better charging infrastructure and competitive pricing.

Chinese car brands hold 4.7% of the UK market and nearly 9% of the electric vehicle market. / Photo: AP

"The UK market has always been very open. So I have seen Korean brands, Japanese brands, European green ones get relatively large market shares here because we're perhaps...less nationalistic," Hawes added. While highlighting that the market has grown in the UK, he said issues related to competitiveness needed to be addressed"in terms of reducing the cost of these vehicles."

Hawes pointed to Britain's talks with Canada as a good example of the value of free trade deals. Negotiations came to a halt after Ottawa imposed a 6 percent tariff on imports from the UK.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 101. in CA

Canada Canada Latest News, Canada Canada Headlines