German Chancellor Olaf Scholz is calling on the European Union (EU) to swiftly resolve the ongoing tariff dispute with China over electric vehicles (EVs). Speaking at the European Council summit on Thursday, Scholz emphasized the need to avoid unnecessary conflicts and urged all parties to reach a favorable outcome quickly.
\"It makes no sense to have conflicts about this. Therefore, I appeal to everyone to bring these negotiations to a good result now,\" Scholz stated, highlighting the importance of collaboration in the rapidly evolving EV market.
On the Chinese side, the Ministry of Commerce expressed hope that the EU would take concrete steps to advance consultations on a price commitment plan for Chinese EVs. Spokesperson He Yongqian emphasized China's commitment to resolving trade frictions through dialogue and consultation.
In addition to addressing the tariff issues, Scholz also urged the European Commission to ease the enforcement of financial penalties for EU carmakers struggling to meet the region's carbon dioxide (CO2) emission targets set for next year. He pointed out the immense pressure on the automotive industry, especially in Europe, and advocated for a balanced approach that supports companies investing in electro-mobility and modern vehicles.
The EU's ambitious European Green Deal aims for climate neutrality by 2050, which includes a 90% reduction in greenhouse gas emissions from transport. Starting in 2025, stricter emissions rules will require automakers to achieve average emissions of 93.6 grams of CO2 per kilometer or less. Companies exceeding this limit could face fines of 95 euros per gram per car.
Industry estimates suggest that European automakers might face penalties totaling up to 15 billion euros for failing to meet these targets, with Germany's Volkswagen, the region's largest automaker, being among the most affected.
As the push for greener transportation accelerates, finding a balanced solution between regulatory demands and industry capabilities remains crucial for sustaining growth and innovation in the EV sector.
Germany's Scholz Pushes EU for Quick Deal with…
