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Germany Today

German news in English

Thursday, October 17, 2024

EU Imposes Tariffs on Chinese E-Cars

Published: 2024-10-05

The European Union is set to impose additional tariffs on electric vehicles imported from China, a move that has sparked significant debate among member states.

The decision, which could see tariffs rise to as much as 35.5%, aims to counteract what the EU perceives as unfair subsidies provided by China to its manufacturers.

This measure is intended to protect European automakers from being undercut by cheaper Chinese imports.

However, the tariffs will not only affect Chinese brands like BYD and Geely but also international companies such as Tesla and BMW, which manufacture vehicles in China for export to Europe.

The tariffs are expected to increase the cost of these vehicles, potentially impacting consumer prices.

Despite opposition from Germany, the EU Commission has the authority to implement these tariffs starting in November, with the final rates still subject to change until the end of October.