The electric vehicle sales blitz in China, and the perceived threat of those EVs populating American and European roads, have led to protectionist measures in recent months. Recently, the U.S. increased its tariffs on Chinese EVs from 27.5% to 100%. Europe followed soon with up to 38% in tariffs. Europe argues that Chinese EVs have benefitted from excessive subsidies. Now we finally have a number on how much that might have been. Spoiler: It’s upwards of $200 billion.
