Additional tariffs already have slowed Chinese carmakers’ momentum in Europe, with their sales plunging 48 per cent in August to an 18-month low
EVs Ireland backs EU moves to impose tariffs up to 45 per cent on Chinese electric vehicles
The decision by the EU comes after an investigation found that China unfairly subsidized its industry. Beijing denies that claim and has threatened its own tariffs on European dairy, brandy, pork and automobile sectors.EU tariffs on Chinese EVs won’t stall price war, dealers claim The new tariff rates will be as high as 35 per cent for EV manufacturers exporting from China. The duties would be on top of the existing 10 per cent rate.
The share of electric cars sold in the EU that were made in China climbed from around 3 per cent to than 20 per cent in the past three years. Chinese brands accounted for around 8 per cent of that market share, as international companies that export from China including Tesla Inc. taking up the rest.
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