EU deal with China limits imports of hybrid electric vehicles

Brussels uses WTO rules to quickly impose 350,000 vehicle-a-year quota, which will halve Chinese market share to 3%Business live – latest updatesVW boss backs EU plan to bolster domestic industryThe 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. Continue reading...