The EU has found a way to buy electric cars from China. He will get there with fees
The European Commission has decided to impose customs duties on electric cars imported from China. Two customs duties have been established that will apply to all manufacturers selling electric cars in the EU. Pre-set rates are subject to change.
The European Commission has made a decision on the matter customs duties on electric cars imported from China. The decision was made due to fears causing economic damage to electric car manufacturers operating in the EU – cars imported from China are cheaper than those produced in the EU by up to 20%.
In accordance with established procedures, the European Commission asked the Chinese authorities to reach an agreement on EU customs duties. If talks with Beijing do not end in an agreement, temporary EU tariffs will be introduced from July 4. The initially adopted customs duties on EVs from China are: from 17.4% to 38.1%.
Customs duty on Chinese electric cars
The European Commission has provisionally adopted it temporary dutieswhich will be introduced from July 4, 2024. The European Commission has set individual tariffs for three Chinese producers:
- BYD: 17.4%
- Geely: 20%
- SAIC: 38.1%
Two rates were adopted for other producers not mentioned by name: 21% for producers who cooperated in the EC investigation and 38.1% for those who did not cooperate. On special treatment one more manufacturer can count: Tesla. Based on the “reasoned request”, the American manufacturer will receive an individual, yet to be announced rate, as part of the final decision of the European Commission.
Final decision on the amount of duty on electric cars from China
We will know the final amount of tariffs on electric cars from China no later than November 2025. The European Commission operates according to strictly established procedures. The proceedings regarding electric cars imported from China were initiated on October 4, 2023 and, as agreed, the time to make an interim decision is 9 months (until July 4, 2024) and the final one is 13 months (until November 4, 2025).
This means that manufacturers and the Chinese government have There is still time to submit applications and cooperate in the EC proceedings. Some electric car makers, such as Volvo, have already taken steps to avoid the high tariff.
