EU deal with China limits imports of hybrid electric vehicles

The story

Source: The Guardian World · NewTimes editorial text based on the source feed.

Brussels uses WTO rules to quickly impose 350,000 vehicle-a-year quota, which will halve Chinese market share to 3% Business live – latest updates VW boss backs EU plan to bolster domestic industry The EU is to limit the number of hybrid electrical vehicles imported from China to 350,000 cars a year, the European Commission has confirmed.

Imports have been soaring in the last two years with about 800,000 battery and plug-in hybrids likely to be sold this year.