EV Prices to Rocket! Chinese Cars Hit with Up to 30% EU Tariff

EV Prices to Rocket! Chinese Cars Hit with Up to 30% EU Tariff - What It Means for You!

Рет қаралды 2,778

Ай бұрын

Breaking News: The European Union is hitting Chinese electric vehicles (EVs) with tariffs of up to 30% by 4th July 2024! This bold move is set to drive up EV prices, making them less affordable for consumers. With the EU aiming to protect local manufacturers, what does this mean for you and your wallet? Stay tuned as we uncover the impacts on the automotive market and your next car purchase.
In this video, we discuss how the new tariffs on Chinese EVs will affect prices and availability in Europe. With Chinese cars becoming more expensive, European manufacturers may face less competition, potentially leading to higher prices across the board. We'll also cover the recent security concerns raised by the White House, highlighting the potential risks of Chinese vehicles being remotely controlled or hacked in the event of a conflict.
Learn about the broader implications of these tariffs on innovation and the push for greener transportation. As governments encourage the shift to electric cars, how will these new economic barriers impact progress? Watch now to understand the full picture and what it means for the future of electric vehicles.
Sources:
www.ft.com/content/0545ed62-c...
www.autoexpress.co.uk/consume...
www.bbc.co.uk/news/business-6...
www.wired.com/story/china-car...
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Пікірлер: 105

@fredgreen2431 Ай бұрын

Noone can afford anything. Let's make everything more expensive. Huh.

@malfunction8165 Ай бұрын

I wouldn't have an ev if it was free, so prices rocket, I couldn't care less.

@Rialas Ай бұрын

Exactly. I’m hunting auctions for my favourite classic cars. These governments can do one.

@The.Toaster Ай бұрын

They will force your hand. You have the illusion of choice but eventually you will be driving an ev against your will.

@Rialas Ай бұрын

@@The.Toaster You’re giving them too much credit. Ev’s ain’t happening as mainstream for another 50 years.

@The.Toaster Ай бұрын

@@Rialas that or number of drivers and cars are about to take a huge hit. Look at prices that now reflect this move. Insurance higher, fuel higher, tax higher, interest rates on dealership finance higher, repair costs higher everything is pushing on, so that only business vehicles and very dedicated people will have cars of any sort on the road.

@brianlowe3529 Ай бұрын

China got shares in Mercedes Benz 😂

@chasbrown7303 Ай бұрын

Why should the rotten to the core EU's import tariff affect us. We aren't in the EU and should have our own policy on this

@xMI55IONx Ай бұрын

You're assuming We have sovereignty. Unfortunately it was surrendered to the US a long time ago. All these tariffs are being imposed on us in Europe/UK by our masters across the pond. Why are we still paying such high energy costs, well, we never asked who blew up the Nordstream pipeline and what country benefited from it at our expense? Everything they've done to Russia they are attempting with China. Us schmucks will pay the price.

@The.Toaster Ай бұрын

If you think we left the EU your wrong. We just lost all the benefits as citizens. We lost and the politicians gained. What a surprise.

@scaryfakevirus Ай бұрын

Because we never left. They don't want their own policy, the EU one does nicely. Fool me once .......

@fredfred2363 Ай бұрын

All the benefits of Brexit are still to be implemented... if ever. Access to global markets without being forced to use EU controlled cartels. Australia was first to set up a new trade deal. Never happened. US the same. the Kiwis, Malaysia, Singapore... the list of countries wanting to trade independently with us. There's still hope, but I doubt it now.

@chasbrown7303 Ай бұрын

@@fredfred2363 absolutely. The tories haven't done much at all considering they had a 80 seat majority in house of commons too.

@henryhol8538 Ай бұрын

I wonder if MG would consider restarting production here in the UK. Certainly makes sense as the cars are now more popular and they have now started to produce interesting cars!

@vitalmakhdum Ай бұрын

"Free market" eh

@zzhughesd Ай бұрын

Yup. Free market alright. Biden went 100%. Very dangerous apparently. Yup slap a 10% plus upto 38 ontop

@LoveEVandenvironment Ай бұрын

A BYD Seal costs $30k in Australia, but it's gonna cost over $52k in Europe. I can only say protectionism hurts European customers. The US subsidizes up to $7500 for each Tesla buyer, but the US asks European countries to impose tariffs on Chinese cars with excuse of so-called subsidies,what a ridiculous excuse. European politicians should learn how to refuse America’s pressure, should be more independent, as the US coerces European countries to follow America’s policies but it hurts Europe’s interest badly.

@user-yf5cd2ep6y Ай бұрын

EVangelist lover you may be, but economist, you ain't! The whole reason the EU wants to place tariffs on Chinese cars is to protect the EU's interests, not hurt them. The CCP heavily involve themselves in their manufacturing system by heavily subsidising their manufacturers of cars and EV's, which makes for an unfair advantage. Rightly, the EU will not sit idly by, like idiots, watching their huge car industry be decimated by such underhanded CCP tactics. That protects billions in manufacturing, millions of jobs, supports the EU economically and reduces the CCP and it's anti-west agenda. By the way, you conveniently forgot to mention that the USA has also gone after Chinese EV's with big tariffs, for the same reasons.

@MookMineola Ай бұрын

The tariffs will help protect European jobs ( which are of course in short supply) . China already practices unfair trading and cannot be trusted . Besides only n idiot would buy a plastic car made in china. It would only break after a few more months like everything else made in china

@MookMineola Ай бұрын

EV cars btw are terrible for the environment filthy things which in the future more than likely will be banned. Nasty filthy polluting things

@fredfred2363 Ай бұрын

Import tariffs really do protect jobs in a local market. No import tariffs would result in mass unemployment and loss of valuable trades and skills. Look what happened to the steel industry here.

@LoveEVandenvironment Ай бұрын

@@fredfred2363 EU’s protectionism actually is punishing its customers and protect those high paid CEOs who have been ripping off their customers for decades！ Some people may think tariffs can save jobs, but it actually acts the opposite way. It sacrifices everyone's interest by encouraging it's car companies to produce unaffordable cars. Let give an real example. A BYD Seal only costs $30k in Australia now, but it costs $52k in Europe, the European customer have to spend $22k more to buy the same product. The Aussie can use the saved $22k to buy heaps of groceries, make holidays, pay bills, eat out, etc, which again will enhance the Australian living standard and increase Australia’s GDP as a whole, not mention it can add more jobs in many industries as a result. I guess we are lucky living in Australia as we have a free market with more competition.

@Thorpeman Ай бұрын

It would be ludicrous for us to slap tariffs on low end cars that we don't make in this country. Far better to scrap all tariffs and give the consumer a bigger choice that let's their limited spending power go further. EV tariffs in tye EU will benefit 3 or 4 of their member states and make EVs more expensive & unaffordable for the other 23/4 states

@SteveN-pw4dj Ай бұрын

If there where no tariffs the Chinese could undercut everything that is made/produced in the UK and Europe. Millions of jobs would be lost.

@The.Toaster Ай бұрын

@@SteveN-pw4djbut it's OK for the corporations to buy In from China and sell at huge mark up and keep all the small companies out of business. Yea makes sense.

@alux948 Ай бұрын

So, the same thing they did with the solar panels? UK had plans to put solar on every roof a while back until the EU stepped in and tariff'ed the crap out of that plan.

@brendanpells912 Ай бұрын

The UK is free to set it's own import tariffs, but obviously the EU will make sure the UK isn't used as a back-door into the European market, like Irish residents nipping over the border to buy cheap cars.

@apislapis Ай бұрын

It'll be interesting to see if we end up with 'dumping' of ChinEVs on the UK market? Will that help achiEVe the target of 22% of all cars sold being EVs or will we feel obliged to stand 'shoulder to shoulder' with our EU & US allies and impose tarriffs? It won't bother me because I recently bought a 2018 diesel, no range anxiety here. It will effect me when they plug the increasing number of EVs into the National Grid and watch it fall over. Great stuff as EVer BCG. Finger on the pulse & thought provoking.

@PVLTD Ай бұрын

When you said China heavily subsidized EVs, do you have any official figure? I’m sure everyone is interested to know how much each EV is subsidized by the Chinese government. If you don’t, you just echoed what the US and EU wanted everyone to believe because they no longer able to compete.

@MookMineola Ай бұрын

It’s not that the US & Europe can’t compete, since they manufacture infinitely superior products that last . Besides who’d ever believe what your far eastern friends tell the truth about anything.

@Private-qg5il Ай бұрын

Good coverage, thanks

@johnbailey5616 Ай бұрын

Have 100s in the showrooms now and no body buying them. So making them more expensive would be suicidal 😅

@The.Toaster Ай бұрын

Not suicidal. Essential. They don't want to sell more vehicles. They want to sell far less vehicles and at a higher cost.

@OldManTony Ай бұрын

Tariffs are never any good for the consumer, they only help shareholders. This is all about Stellantis who don’t build cars for China, BMW, Mercedes, VW group, Renault etc, don’t want the subsidies.

@guangxidavidliu Ай бұрын

48% to be exact.

@TheULEZWarriors Ай бұрын

To be honest, I refuse to buy any of those batteries on wheels death traps..... .....I'll be sticking to petrol vehicles. A far safer and more environmentally sustainable alternative is synthetic fuels (without ethanol). Toyota's approach with their multi-fuel engines (including carbon negative engines) and their keen interest about synthetic fuels will benefit many and synthetic petrol can (as far as I know) be used with existing petrol vehicles. Saving current vehicles (I think at least) is far more environmentally sustainable than constantly scrapping so-called "non-compliant" (spelt Greed Tax) vehicles.

@SteveN-pw4dj Ай бұрын

This will mainly effect business buyers anyway. I can't afford a new EV anyway that has the same comfort level as my current diesel Mercedes.

@dereknicol5284 Ай бұрын

I guess GM, Stellantis & Ford can forget about making and selling cars in China.

@johnconnor3865 Ай бұрын

ULEZ and other similar schemes in various cities have seen older (ie: affordable) vehicles head to the scrapyard, or become uneconomical to drive. This in turn has lead to a shortage of second hand cars which has seen prices skyrocket. Surely a cheap electric option would help bring car prices down? Although the cynic in me suspects that motoring will become the preserve of the wealthy, by design.

@christineayres7199 Ай бұрын

Meanwhile price of petrol still too high it is ridiculous as i only drive a 1.2 Fiat 500 not a rocket ship and i pay £60 now to fill it up totally ridiculous and that E10 crap needs to be banned as it burns faster hence why im paying more to fill the car each week

@nuthinasitseems5213 Ай бұрын

Shahzad I just hit the subscribe but I am already questioning my choice. Myth about electric cars combusting? I've enjoyed watching some of your videos regarding ulez, but please don't try and minimize the threat of thermal runaway... I was firefighter four decades ago.

@BrownCarGuy Ай бұрын

Statistically speaking: Swedish Civil Contingencies Agency says EVs are 20 times less likely to catch fire. American Insurance Institute reveals 25 out of every 100,000 EVs sold caught fire, compared to 1530 Petrol cars out of 100,000 and 3475 hybrids out of 100,000. The problem is that EVs fires are more spectacular and almost impossible to put out quickly.

@mikeolly67 Ай бұрын

Good news in my opinion, hopefully the U.K. will follow suit and end the EV madness.

@carltontweedle5724 Ай бұрын

Not in the EU well shot of them.

@kamranhaqq Ай бұрын

is MG exempt from this as made in china I bet it is

@garymc3519 Ай бұрын

Jeez, they can't sell EVs as it is.

@stevenkillington5041 Ай бұрын

Thats he greed ofour mps

@st200ol Ай бұрын

Perhaps there should be tariffs for all the other cheap junk that China makes. Oh we can’t because we stopped making that stuff ourselves years ago.

@adogmcdizzle Ай бұрын

We have a set of manufacturing safety, working conditions, human slavery, ethical and quality standards. If British, European and American governments truly respect the implementation and need for those standards here, then they should apply tarrifs to places which don't adhere to those standards, otherwise we encourage their avoidance of them in places like China. It does make products more expensive for western consumers, but then that is just, since we in the west have better morals than the CCP.

@kevinmoffatt Ай бұрын

And the Chinese Govt use Urghars as slave labour in manufacturing.

@BigYouDog Ай бұрын

With more heavely enforced speed limits being imposed on drivers, is there any point in buying a high-performance car, just so you have the bragging rights to how quickly you can get to 55mph?

@reefermark5298 Ай бұрын

were not in the eu

@Richie-vu4we Ай бұрын

I would not buy a connected online smart car with Assist this Assist that items below. Or get them taken off. Why can’t we OPT OUT of these items when you order a Vehicle?? I have 2 VW that put my life in danger. Stop/Start not restarting the vehicle on the M25 (3rd Lane out) Brake Assist doing emergency stops thinking it seen something in front. You won’t need a missile to go to war if everyone is driving a online IP connected vehicle they just hack the UK IP address to these vehicles and the Assist items will give them the weapon they need. SkyNet is becoming self aware. Don’t buy into this madness or disconnect the GPS data connection to stop out side influence. Lane Assist Brake Assist Self Parking Stop/Start Wind Assist GPS-E-Sim Connection. Sadiq-Khan Pay-per mile and journey time charging All can cause accidents All this tech crap puts the prices up on vehicles.

@brianlowe3529 Ай бұрын

China got shares in Mercedes Benz 😂 no problems .

@marumaru6084 Ай бұрын

Who cares I dont want even if free!

@Paul-li9hq Ай бұрын

So... Let's Go Brandon says I must have an EV - to save the planet. Fair enough... I need a cheap EV. China sends me a cheap EV... GREAT!!! I CAN save the planet! Then Brandon slaps a whopping tax on it: so now I can NOT save the planet anymore! *FJB*

@MookMineola Ай бұрын

EV s won’t save the planet. They are worse for it . Only idiot net zero politicians think they are gonna save the planet 🌎 with EV’s .

@timxavier8922 Ай бұрын

This is rubbish on one is buying these cars so put the price up as much as they want they will just go bankrupt quicker and then it’s over yaaaaaaaaaaaaaaay one nil to the public we are in charge of your future

@gordonspond Ай бұрын

Nobody wants the stupid EVs anyway, so put tariffs on them all you want. It'll just hasten their demise.

@Toodle.Pipp001 Ай бұрын

Easy answer, hydrogen cars.

@cheetahkid Ай бұрын

should be 100% tariff to china for EV

@Thorpeman Ай бұрын

Why?

@user-lj9ld8ir1e Ай бұрын

@@Thorpeman Because they are trash.Any thing that affects these piles of junk so people avoid them is OK by me.

@user-lj9ld8ir1e Ай бұрын

I agree 100%.

@MookMineola Ай бұрын

If it were me I’d slap 4000 % tax on them

@londondave800 Ай бұрын

@@MookMineolahopefully the Chinese will increase the production cost of antibiotics by 4000% and then we'll see how you cope when you can't afford it 😂

@user-lj9ld8ir1e Ай бұрын

Wouldnt touch any chinese junk EV with a barge pole.

@londondave800 Ай бұрын

Cause you can't afford it. Just stick with your 2002 vauxhall Corsa. 😂

@brianlowe3529 Ай бұрын

Or a Mercedes China owns ten percent . 😂😂😂

@Devondogsclub Ай бұрын

Are China buying their own ships because maybe EVs could to be banned at some point in the future by car carrier vessels due to fire risk?

@xMI55IONx Ай бұрын

That's a lot of "likelys" to come to this conclusion.

@Devondogsclub Ай бұрын

@@xMI55IONx edited it!

@lesklower7281 Ай бұрын

This is good news because to be perfectly honest Chinese built vehicles are absolute rubbish that is l.C.E and EVs and we get them in Australia because 15 years ago GWM started sell SUVs and utes 2 wheel and 4 wheel drive and there are practically none left at all were my 27 year old Hilux ute is still running really well and l see them occasionally but l know of another three around the were l live that shows Toyota build quality is so much better than Chinese build quality they don't last at all as for the EVs will not last that long mabe 10 years and thats been kind and with the USA with 100% tariffs on Chinese build EVs fantastic idea also l take my hat off to the EU of introducing high tariffs on Chinese built EVs and another thing is although EVs catch Chinese built EVs are even worse if l am following a Chinese buikt EV l stay well away from it and l try not to park to close to an EV because of the chance it may catch fire and l will never ever buy an EV because l consider them useless they not much good for anything petrol is here to stay for decades