Matthew Lynn

Is the EU sacrificing net zero to protect its electric car industry?

Ursula von der Leyen (Credit: Getty images)

They are too expensive. There are not enough of them on the market. It’s too much hassle to charge them. There are lots of reasons why people are still reluctant to switch from petrol to electric cars, with their cost right at the very top of the list.

Still, with the world about to be flooded with cheap Chinese electric vehicles (EVs), that is about to change. You might think that anyone seriously worried about combating climate change would welcome that. Except now it turns out that the EU, for all its rhetoric, cares more about protecting its own auto industry and is planning to slap tariffs on Chinese imports.

The trouble is, tariffs will slow down the adoption of EVs, and make it harder to hit net zero

Ursula von der Leyen’s state of the union address yesterday was full of the usual self-congratulatory guff about closer cooperation, and deepening the union.

Written by
Matthew Lynn

Matthew Lynn is a financial columnist and author of ‘Bust: Greece, The Euro and The Sovereign Debt Crisis’ and ‘The Long Depression: The Slump of 2008 to 2031’

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