Individual tariffs on electric vehicles of BYD will be 17.4%, Geely – 20% and SAIC – 38.1%.
The European Union will impose an additional tariff of 38.1% on electric vehicles from China in July, raising the cost of European car sales for companies from China’s BYD to Tesla. Bloomberg wrote this on Wednesday, June 12.
The EU has officially informed automakers, including BYD, Geely SAIC, about the duties, which should be introduced around July 4. Individual duties on BYD will be 17.4%, Geely – 20% and SAIC – 38.1%.
Chinese electric vehicle maker Tesla may receive an individually calculated duty rate at the final stage when it passes inspection.
“Our goal is to ensure a level playing field and to ensure that the European market remains open for Chinese electric vehicle manufacturers, provided they operate in accordance with internationally agreed trade rules,” said of the European Commission Vice-President Valdis Dombrovskis.
As the publication notes, Chinese electric vehicle manufacturers are more aggressive in Europe amid domestic price competition and years of leadership in the development of this technology.
China is responding by threatening measures on agriculture, aviation and the production of large-engine vehicles. Currently, investigations are being conducted in China regarding some types of European alcohol.
We remind you that in Europe the demand for gasoline and diesel cars is decreasing. Meanwhile, in Ukraine, demand for electric vehicles doubled in one month.
Source: korrespondent
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