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EU deal with China caps hybrid car imports at 350,000 a year

China's hybrid vehicle imports to Europe have surged for two years, and the deal will reduce its market share from six percent to three percent.

Photo: Damian B Oh · CC BY-SA 4.0 · Wikimedia Commons
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  1. Vera Bullock · Co-AnchorImports have been soaring for two years, and this deal will cut China's share of that market in half, down to three percent.

  2. Vera Bullock · Co-AnchorMy guest is Walter Gisborne, inmate at a minimum-security prison, who says he knows quotas. Walter, what's the catch?

  3. Walter GisborneMorning, Vera. Allegedly, in my old line of work, a quota was less a ceiling and more a suggestion.

  4. Walter GisborneWe moved a lot of things past a lot of ceilings.

  5. Vera Bullock · Co-AnchorThree hundred fifty thousand cars is a pretty firm number, though. Brussels used World Trade Organization rules to impose it quickly. Does that worry you?

  6. Walter GisborneWorry? No. Allegedly, in my old line of work, I once relabeled eleven hundred hair dryers as garden furniture. Customs loved the patio sets.

  7. Vera Bullock · Co-AnchorEleven hundred hair dryers.

  8. Walter GisborneEverything is a hybrid if you believe in yourself, Vera. Half a toaster, half a car. I keep the paperwork in my sock.

  9. Vera Bullock · Co-AnchorSo is that a yes? Are you telling this program the limit can be dodged, and is that why you're in there?

  10. Walter GisborneI'm telling you allegedly, in my old line of work, a van with a false floor holds four sedans if nobody asks about the suspension.

  11. Walter GisborneI'm not saying whose van.

  12. Vera Bullock · Co-AnchorWalter, that sounds like a confession, and the guard may be on the line.

  13. Walter GisborneThen the catch, Vera, is that he's listening, and he owns the van. #$%&! I have to go.

  14. Vera Bullock · Co-AnchorWalter Gisborne, everybody. Brock, what's the forecast for my commute, and is there a hybrid in it?

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The story so far

  1. China, EU Reach Understanding on Hybrid Vehicles · WSJ
  2. China, EU Dodge Car Trade Fight; ICE Shooting Details · Financial Times
  3. EU Envoy Calls It Interim Deal; Reuters Says Hybrid Exports Halve · AP News
  4. EU-China Hybrid Deal: Guardian Says Halved Over Four Years · The Guardian
  5. China and EU strike deal to halve Chinese hybrid exports · The Japan Times
  6. EU-China deal could cut Chinese EV imports by up to half · Fortune
  7. EU deal with China caps hybrid car imports at 350,000 a year (this story)

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