Asia Tech Wire (July 4) -- The German Association of the Automotive Industry, known as VDA, issued a statement on Wednesday opposing the EU's imposition of provisional anti-subsidy tariffs on electric vehicles imported from China.

The association believes that the move is not in line with the interests of the EU and will not only have a negative impact on European consumers and businesses, but will also hinder the development of the EU's local electric vehicle market and is not conducive to the realization of climate goals.

The statement pointed out that the anti-subsidy tariffs will particularly affect European car companies and their joint ventures.

A significant portion of the EU's electric vehicle imports from China come from European and American manufacturers, and the cooperation and production of these companies in China is an important cornerstone of Europe's energy transition and improved competitiveness, VDA said.

In addition, China's raw materials and advanced technologies, such as batteries, provide security for the European electric vehicle industry, and additional tariffs will make electric vehicles more expensive in the European market, thus limiting consumer purchases.