World News | EU Will Impose Duties on Electric Vehicle Imports from China from Thursday

Brussels, Oct 29 (AP) The European Union will impose duties on imports of electric vehicles from China from Thursday, after talks between Brussels and Beijing failed to find an amicable solution to their trade dispute, EU spokesman Olof Gill said.

Electric vehicles have become a major flashpoint in a broader trade dispute over the influence of Chinese government subsidies on European markets — which has forced the undercutting of EU industry prices — and Beijing's burgeoning exports of green technology to the bloc.

Also Read | Pedro Sanchez Uses UPI in India: Spanish President Has Firsthand Experience of India's Digital Payment Transactions As He Purchases Ganesh Statue in Mumbai (See Pics).

According to the European Commission, sales of Chinese-built electric cars jumped from 3.9% of the EV market in 2020 to 25% by September 2023, in part by unfairly undercutting EU industry prices. (AP)

Also Read | Typhoon Kong-Rey: Philippines Braces for Heavy Rainfall From New Typhoon After Trami.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)