The European Union (EU) appears to have finalised what tariffs it’ll impose on Chinese electric vehicles (EVs), provided the two regions can’t come to the table with a mutual solution. As reported by AP News , the most recent revisions to the tariff rates for various Chinese carmakers has largely resulted in minor reductions, though some brands will still be slugged with import taxes as high as 45.3 per cent by the time their EVs are on the forecourt.
SAIC Motor – the parent company of MG and Maxus/LDV – is facing a 35.3 per cent tariff, down from its original rate of 38.1 per cent (announced in June) and the previously revised figure of 36.
3 per cent. However, it and all other Chinese brands will also be hit by the EU’s existing 10 per cent tax on all imported vehicles. 100s of new car deals are available through CarExpert right now.
Get the experts on your side and score a great deal. Browse now . Geely – which owns Volvo, Polestar and Lotus, among others – had its tariff revised to 18.
8 per cent (down from the original rate of 20 per cent), while BYD’s 17 per cent import tax has been unchanged in the most recent round. EV giant Tesla has cooperated with the European Commission’s investigations into Chinese brands receiving assistance from their home government, with its tariff rate the lowest of any manufacturer at 7.8 per cent.
It had originally been slugged with a 20.8 per cent tariff on the Model 3 which is built in China, however the German-built Mode.