EU Caps Chinese Hybrid Shipments at 350,000 a Year
The quota takes effect in December and is expected to more than halve shipments from China. Reports say it will rise by 6% annually; the body also cites 800,000 BEV and plug-in hybrid imports expected in 2026.
The new quota is due to take effect in December and is expected to cut shipments from China by more than half. A total of 800000 battery-electric vehicles (BEVs) and plug-in hybrids are expected to be imported in 2026 alone. Reports say the annual limit will rise by a fixed 6%. The deal was reportedly backed by Beijing and follows EU trade…