According to a recent study by the major Swiss bank UBS, there have been positive developments for Chinese exports of electric vehicles (EV) across countries in recent weeks.
These positive developments include Canada granting a most-favored-nation tariff of 6.1 percent for 49,000 Chinese electric vehicles instead of an additional tax of 100 percent per year.
There are also reports that China and the European Union (EU) are close to an agreement on a minimum selling price that could eliminate the anti-subsidy tariffs of 17 to 35 percent on Chinese car imports.
UBS believes that China's measures to reduce and eliminate VAT refunds on batteries and photovoltaic modules have encouraged these agreements.
Paul Gong, head of China automotive research at UBS, noted that the agreement between China and the EU will benefit Chinese automakers if it further improves the export tariff environment.