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587 Why the EU is imposing maximum tariffs of 36.7% on Chinese EVs

The Next Web
Thomas Macaulay @ The Next Web 3 place · 07/04/2024 12:41 EDT

Why the EU is imposing maximum tariffs of 36.7% on Chinese EVs

The EU today confirmed huge new tariffs for EVs imported from China. From Friday, provisional charges of between 17.4% and 37.6% will be imposed on the vehicles. The lowest level will apply to BYD, an automaker based in Shenzhen. Geely, which owns Volvo, Polestar, and Lotus, faces duties of 19.9%. SAIC, a Chinese state-owned carmaker, will receive the maximum 37.6%. Other companies will be subject to new tariffs of 20.8%, the weighted average. These fees will come on top of a 10% duty that was already in pl

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