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it is reported that the eu will reduce tariffs on chinese electric vehicles: still only a small reduction

2024-09-11

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according to fast technology on september 11, multiple media outlets reported that according to informed sources,eu prepares to slightly reduce proposed tariffs on electric cars imported from china

specifically, the highest tax rate for chinese electric vehicle manufacturers that do not cooperate with the eu investigation (such as saic group) was reduced from 36.3% to 35.3%, a decrease of 1%. the tax rate for geely auto was reduced from 19.3% to 18.8%, a decrease of 0.5%, while byd's tax rate remained at 17%.

in addition, the eu has also decided to impose a separate tariff rate on tesla as an exporter to china, which was previously 9% and was adjusted to 7.8% this time.down 1.2%, the largest drop

the eu said that this was an amendment based on data provided by relevant companies, and the bill is currently expected to come into effect on october 30.

it is worth noting that on august 20, the european commission just adjusted some of the proposed tariffs on chinese electric vehicles, reducing the additional tax rate for companies that do not cooperate with the eu anti-subsidy investigation (such as saic group) from 37.6% to 36.3%, and generally imposing a 21.3% tax rate on other companies that cooperate with the investigation.the tax rate for tesla was significantly reduced from 20.8% to 9%.