BMW Boss: Tariffs On Chinese EVs Would Be Like Shooting Yourself In The Foot

After saying that "China is the place to be" last month, the BMW boss discussed the European Union's proposed tariffs on EVs imported from China. Speaking with German business newspaper Automobilwoche, CEO Oliver Zipse was clearly against the plan to impose EU import duties on EVs from China. Why? The BMW boss claims that more than 50 percent of all EVs imported to the European Union are built by non-Chinese automakers. While the current norm is to adjust the limits once every five years, the BMW boss suggests the targets should be changed annually. The current target is 95 grams of CO2 per kilometer for passenger cars until the end of the year. Every gram above this threshold incurs a €95 fine for every car sold. The BMW boss said current and future regulations focus only on new cars, therefore ignoring the existing fleets.