ZDK on Punitive Tariffs: Car Trade Sees Wrong Signal
The German auto trade is skeptical of the provisional anti-dumping duties imposed by the EU Commission on Chinese electric cars. They are "the wrong signal for the urgently needed ramp-up of electromobility," says Thomas Peckruhn, Vice President of the Central Association of the German Motor Vehicle Industry (ZDK). "This will make the available electric vehicles significantly more expensive for consumers, especially since the competitive pressure on European manufacturers is decreasing," he predicts.
"This will further worsen the already cautious buying mood, as the registration numbers for electric vehicles have been declining sharply for the sixth consecutive month since the end of the environmental bonus." Moreover, the tariffs are "a blow to the office" for car dealers who have invested in the sale of a Chinese brand, criticizes Peckruhn. The ZDK also fears a Chinese counter-reaction.
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