The European Union will impose tariffs of up to 45% on China-made electric vehicles next month, despite objections from Germany, its largest economy. The move, backed by 10 EU members, comes after a year-long investigation into what the EU sees as unfair Chinese subsidies. The tariffs are expected to cost carmakers billions over five years.

The EU conformed its decision to raise tariffs on Chinese EVs, leading to worries this might raise trade tensions.

The European Commission said on Friday it had received enough support in a vote of EU members to impose tariffs of up to 45% on imports of Chinese-made electric vehicles in the bloc's highest profile trade case,