14 September 2023: Punitive tariffs against Chinese automakers could slow European BEV adoption and boost platinum demand: A hurdle to mass-market BEV adoption is affordability. A successful bid by Brussels to apply anti-dumping tariffs onto Chinese electric vehicles sold within the bloc will increase costs and slow BEV adoption rates. Deferring BEV adoption will support Europe’s automotive platinum demand, potentially adding 200koz over the period 2025-7.
Platinum Perspectives
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