Business · Trade · 9 hrs ago
Chinese hybrid export quota expected to raise prices in Europe
Hybrid cars are expected to become considerably more expensive on average in Europe.
The change is linked to a quota on Chinese hybrid car exports to the European Union.
Hybrids have both a fuel engine and an electric motor.
The quota is expected to sharply reduce the supply of cheaper passenger cars of this type.
That could make affordable hybrid options harder to find for European buyers.
The information available does not say who set the quota or when it will take effect.
Hybrid cars in Europe are expected to become considerably more expensive on average.
A quota is set to limit exports of Chinese hybrid cars to the European Union.
The supply of inexpensive passenger cars with both a fuel engine and an electric motor is expected to fall sharply.
- Who
- Buyers of hybrid cars in Europe are affected.
- What
- A quota on Chinese hybrid car exports to the EU is expected to reduce supply and raise prices.
- When
- Not stated.
- Where
- Europe, including the European Union.
- Why
- The quota is expected to sharply reduce the supply of inexpensive Chinese hybrid cars.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Expected price change
- Hybrid cars in Europe to become considerably more expensive on average
- Export limit
- Quota on Chinese hybrid car exports to the EU
- Expected supply change
- Sharp decline in inexpensive passenger cars with fuel and electric motors
What people are saying
A stick to drive people more quickly toward fully electric
Sources
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EU and China Agree to Cap Chinese Hybrid Imports at 350,000 a Year
