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Excerpt from autogear.ptThe European Commission threatens to increase tariffs on imports of electric vehicles from China by the European Union (EU) starting from July 4, after provisionally concluding that Beijing is benefiting Chinese manufacturers with “unfair subsidies, which is causing an economic threat to EU electric vehicle producers”.
In a statement, the community executive indicated that, provisionally, imports of electric vehicles from BYD will be subject to a 17.4% tax, Geely to 20%, and SAIC to 38.1%, these being the brands included in the investigated sample.
Based on the findings of the investigation, the Commission has provisionally established that it is “in the interest of the EU to remedy the effects of the detected unfair trade practices by imposing provisional countervailing duties on imports of electric vehicles from China”.
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