China agrees with EU to curb exports of hybrid and plug-in hybrid cars

China has agreed to moderate its exports of hybrid and plug-in hybrid cars to the EU, which EU trade commissioner Maroš Šefčovič said could cut them by more than half. He announced it on Friday in press remarks in Beijing, after the second round of EU-China trade and investment consultations. “It is unsustainable and it […] This story continues at The Next Web

The EU-China deal is expected to cut car imports by several million over four years, while Beijing says it will protect export growth and its import quota.

China said a deal with the European Union on hybrid cars will ensure “export space and steady growth” for its companies, as the two sides seek to reduce the risk of trade war.

Since the EU imposed additional tariffs on Chinese-made EVs in 2024, Chinese automakers have increasingly turned to plug-in hybrids.

Beijing: China and the European Union held "intensive consultations" on the trade of hybrid and electric vehicles, as well as efforts to balance economic and trade concerns, the commerce ministry said on Monday.On hybrid vehicles, both sides agreed that the export quota given to China would not be lower than quotas allocated to other imports sources, and that EU measures must not specifically target the country's products or discriminate against its firms.Both also agreed on an upward adjustment of the 2025 hybrid vehicle export figure to ensure opportunities and stable growth for Chinese enterprises, the ministry added in its statement.

Two years ago, the EU imposed new tariffs on Chinese made electric cars because they were flooding the the new car market in Europe. For some reason, the European Commission decided not to place similar tariffs on plug-in hybrids made in China at the same time. The German auto industry ... [continued] The post EU Reaches Agreement With China To Reduce The Import Of Plug-In Hybrids By Half appeared first on CleanTechnica.

Over the course of a few years, China became the absolute juggernaut of the world’s electric vehicle industry. That includes full electrics (BEVs) and plugin hybrids (PHEVs). Regarding the latter, Chinese companies added a lot more battery capacity and range to PHEVs while improving efficiency, technology, charging, etc. So, when ... [continued] The post China & EU Make Deal to Cut Flood of Hybrids into EU appeared first on CleanTechnica.