The EU will impose additional tariffs of 17.4% to 38.1% on electric cars produced in China, the European Commission announced on Wednesday (12 June), as preliminary results from its anti-subsidy investigation confirmed prices are being distorted by Chinese state support.
The value chain of Chinese electric cars “benefits from unfair subsidisation, which is causing a threat of economic injury to EU battery electric vehicles producers,” EU Commission Vice-President Margaritis Schinas said on Wednesday (12 June).
“When our partners breach the rules, we will assert our rights,” Executive Vice-President Valdis Dombrovskis said in a statement.
“Today we have reached a milestone in our anti-subsidy investigation,” he said, adding that “this is based on clear evidence of our extensive investigation and in full respect of WTO rules.”
Duties will differ per carmaker, with Chinese state-owned manufacturer SAIC facing the highest duty at 38.1%, Chinese Geely to face 20% and BYD 17.4%.
Thank you!
Just adding: Wikipedia has a nice article including a map showing the current status of when countries plan to phase out fossil fuel vehicles. It also has a section on which manufacturers have pledged to do so.
https://en.m.wikipedia.org/wiki/Phase-out_of_fossil_fuel_vehicles
Long term politics seem to be a really good strategy for this. Notice how USA is marked as green, even if its only some states who have agreed to do so, and some countries are just grey. However, this is fine, because the manufacturers will still need to make the switch long beforehand in order to keep selling vehicles worldwide.