Customs duties on electric cars: VW boss warns of episodes for German exports

Customs duties on electric cars: VW boss warns of episodes for German exports

In the automotive industry, it is bubbling: The Volkswagen Group faces possible challenges in connection with the recent political decisions of the European Union. After approval of additional tariffs on electromobile from China, Oliver Blume, CEO of VW, expressed his concern for the possible countermeasures from Beijing. According to Blume, there is a risk that the Chinese government will raise tariffs to German cars that are exported or produced in China, which could significantly harm the automotive industry in Germany.

"This risk is definitely available if these one -sided tariffs were to be implemented," said Blume in an interview with the "Bild am Sonntag". The upcoming deadline until the end of October, up to which these tariffs should come into force, ensures additional nervousness. The CEO is of the opinion that it is important that the German government takes a clear position against the tariffs in the EU. "My hope is that Brussels still agreed with the Chinese side and reaches a fair solution for both sides," continued Blume.

Follow for Volkswagen and the Chinese market

If the additional tariffs of up to 30 percent actually occur, this could have serious effects on the important Chinese market for VW. Blume emphasized the possible disadvantages for the group, which could result from such new regulations. "We would have clear disadvantages on the Chinese market," he warned, making it clear that VW was decisive against this type of regulations.

An approach to solving this tense situation could be the positive consideration of investments on both sides. "If you invest, create jobs and work with local companies, you should have advantages in the tariffs," said Blume. This would not only apply to China, but also for other regions in which VW is active.

to a specific question about whether Chinese manufacturers should produce their electric cars in Germany without punitive tariffs, Blume answered affirmative. "Yes, that would be an approach," he said. "This would apply not only to companies from China, but also from other regions that invest in Europe and thus positively influence the economy."

How these developments will continue to shape in the near future remains to be seen. VW faces a complex international trade environment that is characterized by political and economic tensions. In an increasingly globalized market, it is essential that companies act strategically in order to react to such challenges. The coming weeks could be decisive for how this conflict between the EU and China will be solved and what effects this will have on the automotive sector.

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