The European Union will proposed tariff reduction about electric cars from Tesla and some Chinese automakers after hearing comments sent by automakers, Reuters reported on Tuesday.
Citing an anonymous source familiar with the matter, Reuters reported that the proposed tariffs for Tesla electric car will fall from 9% to 7.8%, while tariffs on Geely will fall from 19.3% to 18.8%. All of the proposed tariffs are in addition to the EU’s standard 10% car import tariff.
MG Cyberster 2024
Not all automakers will take a break. BYD of China will see no change to the proposed 17% tax on its electric vehicles. And automakers not involved in the process, such as SAIC, which sells the MG brand in Europe, will see the highest tax rate of 35.3% applied to their vehicles.
The EU announced its proposed tariffs last month, giving China and affected carmakers 10 days to submit comments, which the European Commission is said to have taken into account when it came up with a revised, lower tariff. Those tariffs are still subject to approval by vote of the 27 EU member states, Reuters noted, and could be vetoed if a qualified majority of 15 member states representing 65% of the EU population voted against them.
BYD Dolphin EV – European Specifications
Implementation of EU tariff rules may be too late to prevent The rise of electric vehicles in ChinaHowever, BYD has started selling its Dolphin compact hatchback for under $30,000 in some markets, and the BYD Seagull can be had for under $20,000 in certain markets.
Last month, the Canadian national government announced a 100% tariff on electric cars made in Chinasimilar to the policy the Biden administration adopted in the United States earlier this year. to keep Chinese electric cars out. Presidential candidate Donald Trump has promised to do China’s 100% Tariff Takes Another Step Forward—for all vehicles, electric or not.
