Chinese EVs to be hit with multi-billion-euro tariffs at European Union toll gates

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3 months ago

The European Union plans to increase tariffs on Chinese electric vehicles to 25%, despite German warnings of a trade war. France and Spain support the move to protect European manufacturers and generate revenue. Currently, the EU imposes a 10% duty on Chinese EVs, while China taxes European imports at 15%. This decision follows the U.S. raising duties on Chinese EVs to 100% and will see BYD, Geely, and Tesla, which export from China to Europe, hurt in the process.

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Economic Times

Topics:

Chinese EVs

EU

duties

tariffs

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