EU to go ahead with tariffs on Chinese EVs after failure in talks

The European Union will impose duties on Chinese-made electric vehicles this week, after talks with Beijing failed to reach a deal that would have halted their passage.

In a final ruling published on Tuesday, the European Commission confirmed that a top rate of 35.3 per cent would be applied to EVs from the state-owned company SAIC Motor and its subsidiaries, on top of a baseline 10 per cent duty that applies to all EV imports.

The ruling is expected to be written into EU law by Wednesday, the final procedural deadline for imposing the duties. They are then expected to enter into force a day later.

Chinese firms BYD and Geely, plus their subsidiaries, will pay lower additional duties of 17 per cent and 18.8 per cent, respectively. For Tesla, which cut a side deal with the European Commission, the rate is 7.8 per cent.

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Chinese-made electric vehicles face additional EU import tariffs of up to 38%

Other companies deemed to have cooperated with the EU’s anti-subsidy probe will pay a rate of 20.7 per cent, while those found to have been uncooperative will pay the maximum 35.3 per cent.

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