Chinese-made electric vehicles are the main risk for automakers in Western Europe and could result in losses in the form of lost profits of €7 billion per year by 2030. informs Automotive News Europe cites a report by German insurance company Allianz.
According to the report, European policymakers must respond to this challenge by imposing mutual tariffs on electric vehicles imported from China, encouraging the creation of materials and technologies for traction battery production in Europe, and allowing Chinese auto companies to manufacture cars in Europe. .
Electric vehicle imports from China will reach more than €24 billion, or 0.15 percent of GDP, to the EU in 2030, and 0.3 percent of GDP for Germany, the Czech Republic and Slovakia, according to Allianz Trade. It may cost 0.4.
Previously known to be in Porsche cars planned Implement Mobileye’s active safety and autonomous driving system.