EU slaps extra tariffs of up to 38 per cent on Chinese EVs

New Delhi, June 12 (IANS): The European Commission on Wednesday announced to impose provisional duties of up to 38.1 per cent on the import of Chinese electric vehicles (EVs).

An investigation by the Commission concluded that the battery electric vehicles (BEVs) value chain in China benefits from "unfair subsidization", which is causing a threat of "economic injury" to EU BEV producers.

The individual duties on three Chinese EV producers would be 17.4 per cent for BYD, 20 per cent for Geely and 38.1 per cent for SAIC.

Other BEV producers in China, which cooperated in the investigation but have not been sampled, would be subject to the average duty of 21 per cent.

According to the Commission, all other BEV producers in China who did not cooperate in the investigation would be subject to the residual duty of 38.1 per cent.

On October 4, 2023, the Commission formally initiated a probe on imports of battery electric vehicles originating in China.

“Following a substantiated request, one BEV producer in China – Tesla – may receive an individually calculated duty rate at the definitive stage,” the Commission said.

Last month, US President Joe Biden announced plans to quadruple tariffs on Chinese EVs and hike duties for solar cells, semiconductors and other "strategic" sectors.

The Biden administration plans to hike tariffs this year on Chinese EVs from 25 per cent to 100 per cent.



Top Stories

Leave a Comment

Title: EU slaps extra tariffs of up to 38 per cent on Chinese EVs

You have 2000 characters left.


Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will be held responsible.