EU slams duties on EVs from China

The European Union is to increase tariffs on Chinese-built electric vehicles to as much as 45.3% in response to massive amounts of aid China has given its carmakers


SAIC's MG ES5 (above)

Electric vehicle exports from China to EU 27 (thousands) 

Electric vehicle tariffs
(on top of EU’s existing 10% rate)

SAIC	35.3%
BYD	17.0%
Geely	18.8%
Tesla 	7.8%
Other cooperating producers: BMW and Volkswagen 20.7% 

500 
400  
300
200
100
0	2.8	9.6	33.7	171.8	328.4	481.6	358.0 Apr to Sep
     	2018    2019    2020   	2021   	2022   	2023   	2024

 
Sources: ACEA, Bloomberg, Reuters 
Picture: SAIC Motor Corporation 
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