At a turning point in Europe, comes the agreement that will cause prices to fall: good news for Italians | Driving

The turning point is coming in Europe: the agreement is about to arrive, finally there is good news for drivers in terms of price.

The European motor industry is not going through an easy time. Many companies are finding themselves in a big problem on the market, with a big decline compared to last year. The reasons are, unfortunately, many. Among the large investments of the electric movement, which caused production costs for companies to skyrocket and therefore list prices. The result is high costs and demand that is difficult to offset. Among the factors, however, is also increased competition, especially with Chinese companies.

Dragon Country’s business has grown tremendously in recent years. The models that come from Beijing are becoming more and more widespread on our roads. Also thanks to a very aggressive pricing policy. The low production costs and the great government support for their companies means that Chinese car manufacturers can offer very low list prices and very difficult to reach for European realities. Complaints and accusations of unfair competition against Chinese companies have come from many directions.

The European Union, in order to protect its companies and ensure that there are no irregularities, has imposed duties on electric cars that come from China for a long time, which obviously pushes up the price of these cars. The measure has been debated for a long time, and questioned by many. Now there could be new effects.

China and Europe, close agreement on tariffs

But now it seems An agreement between China and Europe on car prices is close. The European Union would indeed undertake the elimination of duties on models imported from China, and for its part the Dragon country would be open to a minimum price decision on car imports, promising respect him.

The discussions will continue in the next few days, both to explain the agreement and also the subsequent control groups that should be set in motion to ensure that the guidelines are respected. The “meltdown” between Europe and China on the issue is certainly good news for drivers, who without the duties will be able to see the prices of their models lower again and have more low-cost options available get All that remains is to see what the effect will be and whether a basis will be found for terminating the agreement.