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BREAKING NEWS: EU Commission announces preliminary tariffs up to 38% on Chinese EVs

www.euractiv.com BREAKING NEWS: EU Commission announces preliminary tariffs up to 38% on Chinese EVs

The EU will put additional tariffs on electric cars produced in China, the European Commission announced on Wednesday (12 June), as preliminary result of a anti-subsidy investigation showed prices being distorted by Chinese state support.

BREAKING NEWS: EU Commission announces preliminary tariffs up to 38% on Chinese EVs

The EU will impose additional tariffs of 17.4% to 38.1% on electric cars produced in China, the European Commission announced on Wednesday (12 June), as preliminary results from its anti-subsidy investigation confirmed prices are being distorted by Chinese state support.

The value chain of Chinese electric cars “benefits from unfair subsidisation, which is causing a threat of economic injury to EU battery electric vehicles producers,” EU Commission Vice-President Margaritis Schinas said on Wednesday (12 June).

“When our partners breach the rules, we will assert our rights,” Executive Vice-President Valdis Dombrovskis said in a statement.

“Today we have reached a milestone in our anti-subsidy investigation,” he said, adding that “this is based on clear evidence of our extensive investigation and in full respect of WTO rules.”

Duties will differ per carmaker, with Chinese state-owned manufacturer SAIC facing the highest duty at 38.1%, Chinese Geely to face 20% and BYD 17.4%.

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