Raising taxes on Chinese electric vehicles is a wrong decision

2024-08-22

Raising taxes on Chinese electric vehicles is a wrong decision (International Forum) China has become an innovative driving force in the field of electric transportation and plays an important role in the global green and low-carbon transformation process of the transportation industry. The European Commission announced in July this year that it has decided to impose temporary countervailing duties on electric vehicles imported from China. This is a wrong decision, and the German Federal Association for Economic Development and Foreign Trade firmly opposes it. Germany and the European Union have set ambitious goals to achieve carbon neutrality by 2050, which can only be achieved through joint efforts and cooperation among all parties. The low-carbon transformation of the transportation industry in Germany and Europe is an important cornerstone for achieving carbon neutrality goals. Germany's goal is to achieve net zero emissions in the transportation sector by registering 15 million electric vehicles by 2030. However, currently, achieving this goal faces significant challenges. Due to the high prices and limited variety of electric vehicles in the European market, the registration volume of electric vehicles in Germany has decreased this year. According to reports, from January to May this year, the newly registered number of electric vehicles in Germany was only 140000, a decrease of 16% compared to the same period last year. EU consumers purchasing Chinese electric vehicles at reasonable prices is not only in line with consumer interests, but also helps Europe promote green and low-carbon transformation. China has become an innovative driving force in the field of electric transportation, playing an important role in the global transportation industry's green and low-carbon transformation process. Electric vehicle suppliers from China can help activate the market, support the overall development of the German electric vehicle market, and gain more consumer recognition for electric vehicles. The accelerated popularization of electric vehicles plays an important role in promoting the construction of charging infrastructure and the development of battery technology. The EU's imposition of temporary countervailing duties on electric vehicles imported from China hinders mutually beneficial cooperation and is not conducive to green and low-carbon transformation. The Chinese electric vehicle industry has become and will continue to become a global model of innovation. In recent years, Chinese car companies have made positive progress in intelligent technology, which has reference value for German car companies. Chinese car companies are actively investing in Europe, continuously improving their research and development capabilities to provide innovative technological solutions for European users. This not only effectively enhances the brand image and market influence of Chinese car companies, but also makes important contributions to the transformation of the German and European automotive industries. China is an important sales market for German car manufacturers. German car companies such as BMW, Mercedes Benz, and Volkswagen continue to have a positive outlook on the Chinese market. The temporary anti subsidy tax imposed on electric vehicles from China may affect the confidence of German car manufacturers and potentially impact the automotive manufacturing industry, which is a pillar of the German economy. At present, Germany's economic development is already facing challenges, and trade frictions between Europe and China may further damage Germany's development prospects. We strongly support the statement by Hildegard Muller, President of the German Association of Automobile Manufacturers, that the EU should negotiate with China to resolve the issue. We also welcome statements from industry insiders such as Mercedes Benz AG Chairman Kang Linsong that the German automotive industry does not need to increase trade barriers. German Chancellor Scholz also believes that trade protectionism should be opposed and global competition should be welcomed. To achieve climate goals, Germany needs more electric vehicles. We hope to see more electric vehicle brands in the market, especially Chinese electric vehicles with cost-effectiveness advantages, to help Germany accelerate its green and low-carbon transformation. (New Press) (Michael Schumann, author and president of the German Federal Association for Economic Development and Foreign Trade)

Edit:NingChangRun    Responsible editor:LiaoXin

Source:People's Daily

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