EU slaps Chinese electric cars with tariffs of up to 38%
- The EU is implementing higher tariffs on Chinese electric vehicles due to unfair subsidies, threatening the European electric vehicle industry.
- The European Commission's investigation found Chinese electric car companies benefited from government support, allowing them to undercut EU prices and gain market share.
- Tariffs aim to address the disparity in subsidies, which have enabled Chinese carmakers to dominate the market unfairly.
86 Articles
86 Articles
EU hits Chinese electric car makers hit with tariffs of up to 38%
By Raziye Akkoc The European Union on Thursday slapped extra provisional duties of up to 38 percent on Chinese electric car imports because of Beijing’s “unfair” support, a move that risks escalating tensions with Beijing. A Wuling Hongguang Mini EV Cabrio. File photo: Wikicommons. A European Commission probe launched last year concluded that state subsidies for Chinese EV manufacturers were unfairly undercutting European rivals — which Brussels…
China-Built EVs Hit with Duties in Biggest EU Trade Case yet
BRUSSELS, July 4 (Reuters) - The European Union will impose tariffs of up to 37.6% from Friday on imports of electric vehicles made in China, EU officials said, ratcheting up tensions with Beijing in Brussels' largest trade case yet.
EU stands to lose the most with EV tariff hikes
Electric vehicles are the need of the hour due to their efficiency and environmental benefits, and are vital for carbon neutrality goals. So the European Commission's proposed decision to raise significantly on electric vehicles made by Chinese manufacturers BYD, Geely and SAIC to up to 38.1 percent, estimated Disrupting as it disrupts the world's transition to a net-zero economy.
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