The United States may see a price hike on Chinese-built plug-in hybrids due to potential tariffs imposed by the European Union. According to a report, the EU is considering adding Chinese-built plug-in hybrids to its elevated tariff structure for electric vehicles from the country. This move comes after sales of plug-in hybrids soared in recent months.
The European Commission, the main executive body of the EU, is preparing proposals for similar 'countervailing' tariffs on plug-in hybrids for member states to vote on in the coming weeks. Although the European Commission did not comment on the story, this development could have significant implications for the US market.
View Price on AmazonChinese plug-in hybrids have gained popularity worldwide due to their fuel efficiency and lower emissions. However, the potential tariffs could increase their prices in the US market, making them less competitive. The EU's decision may also encourage other countries to impose similar tariffs, which could lead to a global price increase for these vehicles.
Source: autocar.co.uk
