The European Commission confirmed a quota limiting Chinese hybrid electric vehicle imports to 350,000 cars annually, according to The Guardian. The cap would reduce Chinese market share to 3 percent and halve current import volumes.
About 800,000 battery and plug-in hybrid vehicles from China are expected to sell in the EU this year, The Guardian reports. The commission invoked World Trade Organization rules to impose the quota quickly.
Volkswagen's chief backed the EU plan to strengthen domestic European industry, The Guardian noted in a related report.