but Will It Really Matter?
At the 2024 Bund Summit in Shanghai, Daniel Gros, director of the Centre for European Policy Studies, shared some eye-opening insights that could shake up the EV world 
. He revealed that the European Commission is likely to approve tariffs on Chinese electric vehicles due to concerns about competition with China.
But wait, there's a twist! Gros noted that even with these tariffs, the impact on Chinese EV makers might be limited 
. Why? Because Chinese manufacturers have significant cost advantages that make their EVs super competitive globally 
.
This move by the EU comes at a time when electric vehicles are zooming ahead as the future of transportation. With China's EV industry accelerating fast, European policymakers are trying to catch up and protect their own turf 
.
So, what does this mean for the global EV scene? It's like a high-stakes game of chess 
between major players, and we're all watching to see who makes the next move. One thing's for sure: the race for electric vehicle dominance is heating up 
!
Stay tuned for more updates on this electrifying story 
!
Reference(s):
European official: EU seeks tariffs to compete with Chinese EV makers
cgtn.com
