Major European automakers, including Volvo, are contemplating relocating their electric vehicle (EV) production facilities from China to neighboring countries like Indonesia, India, and even Europe. This strategic shift is primarily driven by the anticipation of tariffs imposed by the European Union on vehicles imported from China. Volvo’s decision to move the production of its Chinese-made EVs to Belgium underscores the potential impact of these tariffs and the broader challenges facing the global automotive industry.