President Biden made news earlier this year when he announced heavy tariffs on Chinese EVs, but the Americans won’t be the only ones imposing tariffs on vehicles from the country. The European Union plans to add as much as 38.1 percent on EVs shipped from China this summer, though individual duties on automakers will vary.
BYD will see a 17.4 percent tariff, while Geely will receive 20 percent on top. SAIC’s vehicles will get the largest tariff, at 38.1 percent. Others will have a 21 percent duty, while those that did not comply with the EU’s investigation will be subject to the highest 38.1 percent tariff.
Though they’re not here yet, China’s EVs are on sale in Europe and have launched a price war with established brands there. The country has threatened retaliation over the measures, which could impact gas vehicles, agriculture, and more. China might also implement tariffs on European alcohol.
The EU’s actions will create stout tariffs on Chinese EVs, but they’re nowhere near as heavy as those imposed by the United States. Our government will levy a 100 percent tariff on electric vehicles from China, increasing from the existing 25 percent duty. Beyond privacy concerns with EVs from the country, of which there are many, the tariffs aim to bolster the U.S. manufacturing sector and create a more robust EV supply chain here.
[Images: Geely]
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