Key Points
Just one week after Americas 100 percent tariffs on China EVs kicked in, the European Union has voted to officially approve additional tariffs for electric vehicles imported from China, making it harder for Chinese automakers to compete in the European market...
The tariffs were proposed by the European Commission in June after it concluded that Chinese-made EVs have received significant government subsidies that create an unfair advantage..
Electric vehicles made in Chinaboth by Chinese brands and by Western ones like Tesla and BMWwill be subject to varying levels of import duties between 7.8 and 35.3 percent...
Research by the Rhodium Group suggests that tariffs need to be in the 40 to 50 percent range to properly deter Chinese brands from coming to the European market...
In general, the new tariffs are designed to make it harder for Chinese-made EVs to maintain competitive prices in the European market..
