EU's additional tariff on EVs made in China reduced to 9% for Tesla.
August 20, 2024, 8:22 PM GMT+9 (excerpt)
The European Commission of the European Union (EU) announced on the 20th that it has lowered the tax rate imposed on Chinese-made electric vehicles (EVs) to match the rate imposed on Tesla vehicles. It also revealed that some Chinese companies that have joint ventures with EU automakers may be eligible for lower tariffs.
Additional tariffs on Tesla vehicles are set at 9%, lowered from the previously announced 20.8% in July.
The view that Chinese EVs are benefiting from large-scale subsidies remains unchanged, and a maximum final tariff of 36.3% has been proposed, compared to the previous 37.6% as of July. Additional tariffs will be added to the standard 10% tariff on EU automobile imports.
Additional tariffs on Tesla vehicles are set at 9%, lowered from the previously announced 20.8% in July.
The view that Chinese EVs are benefiting from large-scale subsidies remains unchanged, and a maximum final tariff of 36.3% has been proposed, compared to the previous 37.6% as of July. Additional tariffs will be added to the standard 10% tariff on EU automobile imports.
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