German Chancellor calls for EU to ease penalties on carmakers amid EV tariff dispute with China.

German Chancellor Olaf Scholz urges the EU to resolve the tariff dispute with China over EVs and ease penalties on carmakers who may fail to meet CO2 emission targets. Stricter EU emission rules set for 2025 could result in billions in fines for automakers. The European Commission plans to launch a Strategic Automotive Dialogue in January to boost the sector's competitiveness and address climate goals.

December 19, 2024
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