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Germany Today

German news in English

Friday, November 22, 2024

EU Imposes Tariffs on Chinese EVs

Published: 2024-10-30

The European Union has implemented additional tariffs on electric vehicles imported from China, effective immediately.

These tariffs, which will last for five years, aim to protect the EU's automotive industry from what the European Commission describes as unfair competition due to Chinese subsidies.

The tariffs range from 17% to 35.3%, depending on the manufacturer, and are in addition to an existing 10% duty.

Despite Germany's opposition, fearing a trade conflict and potential retaliatory measures from China, the majority of EU states supported the decision.

China has expressed strong disapproval, filing a complaint with the World Trade Organization and threatening countermeasures.

The move has sparked concerns among German automakers, who fear negative impacts on their business models and the broader push for electric mobility.