CX Daily: EU Tariffs on Chinese EV Imports Get Final Nod

EVs /

EU tariffs on Chinese EV imports get final nod

The European Commission has given final approval to extra import tariffs on electric vehicles (EV) shipped from China, after an investigation concluded that state subsidies are enabling Chinese automakers to unfairly undercut their European rivals.

In a statement on Tuesday, the commission said that it has fixed the definitive countervailing duties, which will range from a 7.8% levy for Tesla Inc. cars manufactured in China to up to 35.3% for vehicles made by state-owned SAIC Motor Corp. Ltd. and other companies deemed not to have cooperated with the investigation.