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UK Reviews Tariffs on Chinese EVs Over Subsidies

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Story summary
  • The United Kingdom government is reviewing tariffs on Chinese electric vehicles.
  • Business Secretary Jonathan Reynolds says Chinese subsidies let them undercut European rivals.
  • If tariffs are introduced, manufacturers could raise list prices or cut discounts for UK buyers.
  • Chinese EVs accounted for 23% of UK new car sales in September, with Jaecoo 7 leading 10,800 registrations.