In the coming week, the European Union is anticipated to unveil the tariff rates that it intends to levy on electric vehicles imported from China. This decision comes from the Commission's assertion that Chinese manufacturers receive excessive subsidies from their government, which grants them an unfair advantage.

In the coming week, the European Union is anticipated to unveil the tariff rates that it intends to levy on electric vehicles imported from China. This decision comes from the Commission's assertion that Chinese manufacturers receive excessive subsidies from their government, which grants them an unfair advantage. This move is likely to provoke stern reactions and the possibility of retaliatory measures from Beijing. The development follows closely on the heels of the United States' recent decision to quadruple the duties imposed on Chinese electric vehicles to a staggering 100 per cent. While the European Union's tariff rates are expected to be significantly lower than those imposed by the United States, they will nevertheless apply to imports from prominent Chinese manufacturers such as BYD and Geely, as well as Western automakers like Tesla that export vehicles from China to the European market. The impetus behind this move is the growing challenge European automakers face from an influx of lower-cost electric vehicles originating from Chinese rivals. The European automotive industry itself is virtually unanimous in its lack of support for the imposition of these tariffs. This sentiment is particularly pronounced among German automakers, whose sales in China constitute a significant portion of their overall revenue, consequently heightening their concerns about potential retribution from Beijing. European automakers import vehicles manufactured in China for their brands, further complicating the situation. However, Ursula von der Leyen, the President of the European Commission, has repeatedly emphasized the necessity for Europe to take action to prevent China from inundating the bloc's market with subsidized electric vehicles. As Will Roberts, the head of automotive research at Rho Motion, warned, "If provoked, the reaction and repercussions could lead to a trade war which would be devastating for a region that is still heavily dependent on Chinese dominated supply chains in order to achieve its lofty climate goals." China has vehemently rebuked the European Union over its anti-subsidy investigation, urging cooperation instead and lobbying individual EU member states. Nevertheless, Beijing has yet to explicitly outline the nature of its potential response should tariffs be imposed. So far, China has already initiated an anti-dumping investigation into imports of brandy, primarily targeting French-made products. In April, China enacted legislation aimed at strengthening its ability to retaliate should the United States or the European Union impose tariffs on exports from the world's second-largest economy. The European Union's pre-disclosure notice comes just a few weeks before the July 4 deadline for imposing provisional measures, which could potentially apply retroactively for the preceding 90 days. Interested parties will be granted three working days to comment on the accuracy of the Commission's calculations. The investigation will continue until late October, at which point a decision will be made regarding the imposition of definitive duties, typically lasting for five years. The proposed duties would take effect unless a significant majority of EU governments oppose them. This timeline leaves room for the possibility of a potential deal being struck between Brussels and Beijing. Chinese executives are hopeful that such negotiations could soften the impact of the tariffs. Analysts anticipate that the tariff rates will range between 10 and 25 per cent. For every additional 10 per cent levied on top of the existing 10 per cent tariff, European importers of Chinese electric vehicles could face an added cost of approximately $1 billion, based on 2023 trade data. This would deal another blow to a sector already grappling with slowing demand and declining prices within the domestic market. The financial impact of these tariffs is expected to escalate further this year as Chinese electric vehicle manufacturers expand their export operations to Europe.

EU ready to announce tariff rates for Chinese EVs

Indian batsman Virat Kohli was announced as the newest celebrity team owner in the E1 World Championship on Tuesday (October 3), joining the likes of Rafael Nadal, Tom Brady, Didier Drogba and Sergio Perez in the world's first all-electric powerboat series.

The UIM E1 World Championship is the latest entry into the environmentally responsible motorsports competition, joining Formula E and off-road Extreme E, and is scheduled to begin racing next year in Jeddah, Saudi Arabia.

Kohli, widely regarded as one of the game's best batsmen, and sports tech entrepreneur Adi K Mishra will be principals at the helm of "The Blue Rising" team in the competition which is the brainchild of Formula E and Extreme E founder Alejandro Agag.

"I want to inspire people to have a competitive spirit and to raise awareness about sustainability issues, something I am becoming more and more passionate about as we build a family," Kohli, 34, said in a statement.

"I can't wait to cheer for our male and female pilots racing for our team."

<a href="https://www.wionews.com/sports/want-virat-kohli-to-win-world-cup-2023-and-be-carried-on-shoulders-former-india-star-virender-sehwag-641698">Also read |&nbsp;Want Virat Kohli to win World Cup 2023 and be carried on shoulders: Former India star Virender Sehwag</a>

Former Chelsea striker Drogba, seven-time NFL Super Bowl champion Brady, 22-time tennis Grand Slam champion Nadal and Formula One driver Sergio Perez were all previously named as team owners in the series.

Former India captain Kohli, who is preparing for the World Cup on home soil starting on Thursday, said he was looking forward to lining up against his fellow team owners once the competition begins.

"We're going electric, we're going flying over the water and we're going to try to win it for The Blue Rising," Kohli said.

The inaugural season will have stops in Venice, Monaco and Rotterdam with more venues to be announced later.

WATCH WION LIVE HERE:&nbsp;

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Indian batsman Virat Kohli was announced as the newest celebrity team owner in the E1 World Championship on Tuesday (October 3), joining the likes of Rafael Nadal, Tom Brady, Didier Drogba and Sergio Perez in the world's first all-electric powerboat series.

Indian batsman Virat Kohli was announced as the newest celebrity team owner in the E1 World Championship on Tuesday (October 3), joining the likes of Rafael Nadal, Tom Brady, Didier Drogba and Sergio Perez in the world's first all-electric powerboat series. The UIM E1 World Championship is the latest entry into the environmentally responsible motorsports competition, joining Formula E and off-road Extreme E, and is scheduled to begin racing next year in Jeddah, Saudi Arabia. Kohli, widely regarded as one of the game's best batsmen, and sports tech entrepreneur Adi K Mishra will be principals at the helm of "The Blue Rising" team in the competition which is the brainchild of Formula E and Extreme E founder Alejandro Agag. "I want to inspire people to have a competitive spirit and to raise awareness about sustainability issues, something I am becoming more and more passionate about as we build a family," Kohli, 34, said in a statement. "I can't wait to cheer for our male and female pilots racing for our team." Also read | Want Virat Kohli to win World Cup 2023 and be carried on shoulders: Former India star Virender Sehwag Former Chelsea striker Drogba, seven-time NFL Super Bowl champion Brady, 22-time tennis Grand Slam champion Nadal and Formula One driver Sergio Perez were all previously named as team owners in the series. Former India captain Kohli, who is preparing for the World Cup on home soil starting on Thursday, said he was looking forward to lining up against his fellow team owners once the competition begins. "We're going electric, we're going flying over the water and we're going to try to win it for The Blue Rising," Kohli said. The inaugural season will have stops in Venice, Monaco and Rotterdam with more venues to be announced later. WATCH WION LIVE HERE:

Cricket superstar Virat Kohli becomes team owner in electric powerboat series

Zoox, a subsidiary of Amazon has caught itself on a sticky wicket after a US auto safety regulator opened up an investigation to examine how the company self-certified its robotaxi to meet federal requirements.

Zoox, a subsidiary of Amazon has caught itself on a sticky wicket after a US auto safety regulator opened up an investigation to examine how the company self-certified its robotaxi to meet federal requirements. National Highway Traffic Safety Administration (NHTSA) is suspicious that Zoox's self-certification 'depended upon unilaterally developed test procedures or determinations that certain standards were inapplicable due to the unique configuration of the vehicle', according to a Reuters report. Notably, to receive the approval, NHTSA sets a requirement that the company attempts to meet b developing its own process. The regulator had asked the company in September last year on what basis it certified its vehicle but the review has been pending since then. WATCH | WION Climate Tracker: Electric vehicle production set to surge in 2023 After NHTSA launched the probe, Zoox released a statement and said it was confident in its self-certification process. "We are committed to working closely with NHTSA on the questions they have, and we remain confident in our self-certification process and data," said Christopher Nalevanko, Zook's general counsel. The opening up of the probe comes nearly a month after the company's autonomous car took to the streets of California carrying passengers without any manual control. The electric car, which does not have a steering wheel or pedal, shuttled between Zoox's two main buildings in Foster City. WATCH: Amazon-owned Zoox's robotaxi without steering wheel rolls in California's streets for the first time Unlike other conventional EVs, Zoox is developing a bidirectional vehicle with no steering wheel or discernible front or back end. It allows the car to comfortably travel in either direction. The unique specifications of the car may have allowed Zoox to circumvent a few of the requirements set by the NHTSA, according to experts. Amazon acquired Zoox in 2020 for an undisclosed amount to foray into the electric vehicles market. While Zoox is yet to disclose how many vehicles it has developed for its test fleet, industry insiders say the Amazon-owned company has dozens, if not 100 cars. The rollout of the car for public use still seems pretty distant but the company, founded nine years ago is optimistic that it can achieve a breakthrough. However, the NHTSA probe may have thrown a spanner in the works. (With inputs from agencies) WATCH WION LIVE HERE:

US auto regulator opens up a probe into Amazon-owned Zoox's robotaxi self-certification

Electric vehicle sales and registrations have skyrocketed in numbers in the last few years. There were more electric vehicle registrations in 2021 alone than in the previous five-year purchases combined.

All the leading automobile companies are coming up with their own models of electric cars. However, motor dealers are acutely struggling to complete their orders.

Challenges in the supply chain and the ongoing pandemic are causing trouble for carmakers globally. A global computer chip shortage has become the biggest worry for carmakers.

Elon Musk Tesla vehicles dominate the entire EV market, with over 79% of all EV purchases in the last year. Despite Tesla's popularity, it had to delay Cybertruck production and other upcoming electric cars.

Several industries face massive challenges as semiconductor chips are in short supply. Low investment in chip manufacturing globally adds to the crisis as the deficit is only growing with the increasing demand.

What’s with the global shortage?

The entire world is facing the consequences of various ongoing challenges affecting the supply chain. COVID hit every industry and caused a lot of unrest following the global shutdown.

Computer chip businesses' growth is on a steady rise even during the pandemic. Economic instability, the Ukraine-Russia conflict, and rising demand are major explanations for the global shortage.

Many leading automotive companies cancelled their previous chip orders because of the shutdown in the last two years. Chipmakers had to stall their production as the demand went down.

The semiconductor computer chip industry could not gauge the automobile demand recovery, and the supply eventually plummeted.

What is the take of carmakers on shortage?

A traditional Ford Focus needs roughly 300 chips, but electric cars can use up to 3000 semiconductor chips. But the scarcity of computer chips leaves EV carmakers struggling to make ends meet.

GM Motors had to shut down production at its Indiana plant amid the recent shortage. Ford also paused F-150 pickup production for a week, facing challenges in procuring enough semiconductors.

Tesla, being proactive, is sourcing in-house, so there is no dependency on other sectors for supplies. However, most carmakers anticipate shutting down the production line if the shortage persists.

Semiconductor demand around the world

Semiconductor industries face challenges in sourcing raw materials and low production infrastructure capacity. However, TSMC, a Taiwanese semiconductor maker, has recently posted a significant rise in its revenue, defying the challenges.

In 2020, the enormous demand for semiconductor chips was worth more than $439 billion.The automobile industry is not the only buyer of computer chips. Therefore, chip demand is only going to go up in the future.

All-electric automotive leaders like Ford, Tesla, Volkswagen, and GM Motors are delaying their electric vehicle production.

What will happen if the EV companies do not get enough chips?

Modern cars are equipped with autonomous driving programs, mobile apps, digital windshield displays, side-view cameras, etc. The use of advanced semiconductors made these things possible and still look seamlessly unnoticeable.

Tesla came up with a brilliant idea to reprogram their EVs to use fewer semiconductor chips and leave a few features out. However, it is still unsure how this will work out for the companies in the long run.

The current shortage is accounting for automakers' leaving several functions out of OEMs. Moreover, buyers are also not giving much thought to the lack of a few features to get their hands on EVs. It is also stated that an EV with fewer features is preferable to no car.

Companies are struggling to keep the production line operations going. China too houses a big chunk of semiconductor production companies, but the recent COVID outbreak has led to lockdowns again. The Shanghai Gigafactory of Tesla is also not operating due to the pandemic.

The worldwide shortage has led to a steep decline in EV production lines. Sourcing raw materials for semiconductor chips has become extremely difficult for the semiconductor industry. As a result, both the sectors' suppliers and automotive makers are struggling with the consequences.

Automobile companies' response to the shortage

Carmakers are struggling with their production being affected by the shortage of essential semiconductor chips. Numerous assembly lines are being affected, and companies are shipping cars without adding features based on additional chips.

Tesla sources its semiconductor chips directly from chip manufacturers. Therefore, the company does not necessarily rely on any third party or mediator for sourcing the raw materials.

Direct business is helping Tesla to enjoy better relationships with its suppliers and customers. Chip manufacturers also try to accommodate Tesla's requirements, as they see the market potential of the leading electric car maker.

Elon Musk is known for his witty responses to troubling issues, even for his company, Tesla. His engineering teams can gauge the supply chain issues like global chip shortages and promptly work on the problems. Tesla decided to draw back some features from their cars to make timely deliveries despite the shortage of semiconductor chips.

Tesla's clear mindset and robust technology make the company safe from any changes in EV future demands. It would be interesting to see how the company deals with the further global shortage of chips and other future challenges.

What to expect in the future?

Automobile makers are preparing for the challenges of raw materials and supplies. It would be worth waiting for the response, as some might even start building chips and other supplies in-house, as Tesla is doing.

The current shortage can lead to more delays and alternative automobile purchases. Buyers will have to wait longer for their Cybertruck delivery or get their hands on other EVs.

Used vehicle sales can go up as buyers will have no choice but to wait for production to resume to meet demand. However, buyers might turn to used EV cars while in the waiting period.

The Russia-Ukraine conflict, pandemic, supply challenges, tremendous demand, etcetera will put more pressure on chip suppliers. No matter how challenging the supply conditions are in the future, the demand for semiconductor chips seems to be growing.

New technology-driven innovative automobile designs would need additional fabrication of semiconductor chips. The global shortage indicates a massive expansion and investment in the semiconductor production industry. 
 
&nbsp;

Electric vehicle sales and registrations have skyrocketed in numbers in the last few years. There were more electric vehicle registrations in 2021 alone than in the previous five-year purchases combined.

Electric vehicle sales and registrations have skyrocketed in numbers in the last few years. There were more electric vehicle registrations in 2021 alone than in the previous five-year purchases combined. All the leading automobile companies are coming up with their own models of electric cars. However, motor dealers are acutely struggling to complete their orders. Challenges in the supply chain and the ongoing pandemic are causing trouble for carmakers globally. A global computer chip shortage has become the biggest worry for carmakers. Elon Musk Tesla vehicles dominate the entire EV market, with over 79% of all EV purchases in the last year. Despite Tesla's popularity, it had to delay Cybertruck production and other upcoming electric cars. Several industries face massive challenges as semiconductor chips are in short supply. Low investment in chip manufacturing globally adds to the crisis as the deficit is only growing with the increasing demand. What’s with the global shortage? The entire world is facing the consequences of various ongoing challenges affecting the supply chain. COVID hit every industry and caused a lot of unrest following the global shutdown. Computer chip businesses' growth is on a steady rise even during the pandemic. Economic instability, the Ukraine-Russia conflict, and rising demand are major explanations for the global shortage. Many leading automotive companies cancelled their previous chip orders because of the shutdown in the last two years. Chipmakers had to stall their production as the demand went down. The semiconductor computer chip industry could not gauge the automobile demand recovery, and the supply eventually plummeted. What is the take of carmakers on shortage? A traditional Ford Focus needs roughly 300 chips, but electric cars can use up to 3000 semiconductor chips. But the scarcity of computer chips leaves EV carmakers struggling to make ends meet. GM Motors had to shut down production at its Indiana plant amid the recent shortage. Ford also paused F-150 pickup production for a week, facing challenges in procuring enough semiconductors. Tesla, being proactive, is sourcing in-house, so there is no dependency on other sectors for supplies. However, most carmakers anticipate shutting down the production line if the shortage persists. Semiconductor demand around the world Semiconductor industries face challenges in sourcing raw materials and low production infrastructure capacity. However, TSMC, a Taiwanese semiconductor maker, has recently posted a significant rise in its revenue, defying the challenges. In 2020, the enormous demand for semiconductor chips was worth more than $439 billion.The automobile industry is not the only buyer of computer chips. Therefore, chip demand is only going to go up in the future. All-electric automotive leaders like Ford, Tesla, Volkswagen, and GM Motors are delaying their electric vehicle production. What will happen if the EV companies do not get enough chips? Modern cars are equipped with autonomous driving programs, mobile apps, digital windshield displays, side-view cameras, etc. The use of advanced semiconductors made these things possible and still look seamlessly unnoticeable. Tesla came up with a brilliant idea to reprogram their EVs to use fewer semiconductor chips and leave a few features out. However, it is still unsure how this will work out for the companies in the long run. The current shortage is accounting for automakers' leaving several functions out of OEMs. Moreover, buyers are also not giving much thought to the lack of a few features to get their hands on EVs. It is also stated that an EV with fewer features is preferable to no car. Companies are struggling to keep the production line operations going. China too houses a big chunk of semiconductor production companies, but the recent COVID outbreak has led to lockdowns again. The Shanghai Gigafactory of Tesla is also not operating due to the pandemic. The worldwide shortage has led to a steep decline in EV production lines. Sourcing raw materials for semiconductor chips has become extremely difficult for the semiconductor industry. As a result, both the sectors' suppliers and automotive makers are struggling with the consequences. Automobile companies' response to the shortage Carmakers are struggling with their production being affected by the shortage of essential semiconductor chips. Numerous assembly lines are being affected, and companies are shipping cars without adding features based on additional chips. Tesla sources its semiconductor chips directly from chip manufacturers. Therefore, the company does not necessarily rely on any third party or mediator for sourcing the raw materials. Direct business is helping Tesla to enjoy better relationships with its suppliers and customers. Chip manufacturers also try to accommodate Tesla's requirements, as they see the market potential of the leading electric car maker. Elon Musk is known for his witty responses to troubling issues, even for his company, Tesla. His engineering teams can gauge the supply chain issues like global chip shortages and promptly work on the problems. Tesla decided to draw back some features from their cars to make timely deliveries despite the shortage of semiconductor chips. Tesla's clear mindset and robust technology make the company safe from any changes in EV future demands. It would be interesting to see how the company deals with the further global shortage of chips and other future challenges. What to expect in the future? Automobile makers are preparing for the challenges of raw materials and supplies. It would be worth waiting for the response, as some might even start building chips and other supplies in-house, as Tesla is doing. The current shortage can lead to more delays and alternative automobile purchases. Buyers will have to wait longer for their Cybertruck delivery or get their hands on other EVs. Used vehicle sales can go up as buyers will have no choice but to wait for production to resume to meet demand. However, buyers might turn to used EV cars while in the waiting period. The Russia-Ukraine conflict, pandemic, supply challenges, tremendous demand, etcetera will put more pressure on chip suppliers. No matter how challenging the supply conditions are in the future, the demand for semiconductor chips seems to be growing. New technology-driven innovative automobile designs would need additional fabrication of semiconductor chips. The global shortage indicates a massive expansion and investment in the semiconductor production industry.

How global chip shortage is affecting the electric vehicle industry