The European Union's move to impose anti-subsidy tariffs on Chinese-made electric vehicles (EVs) could backfire. According to the European Automobile Manufacturers' Association (ACEA), Chinese-manufactured EVs held a 21.7 percent market share in the EU in 2023, with Chinese brands making up only 7.6 percent. Consulting firm Rhodium Group predicts that this move will have a minor impact on Chinese automakers but could significantly affect foreign automakers, like BMW and Tesla, which manufacture in China for export to Europe.