Home » CHINA TRAVEL NEWS » The European Commission to impose tariffs on Chinese electric vehicles to protect its domestic industry: What’s new you should know?
Saturday, August 24, 2024
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The European Commission has announced its intention to impose definitive tariffs on imports of Chinese battery electric vehicles (BEVs).
The Commission’s decision follows an extensive anti-subsidy investigation, which concluded that Chinese BEV manufacturers are receiving unfair subsidies from their government, enabling them to sell their vehicles at artificially low prices in the EU market.
The draft final conclusions of the investigation, shared with Chinese BEV producers and the Chinese and EU governments, outline the intended definitive duty rates for a range of Chinese manufacturers.
These rates, if approved by EU member states, would be in place for five years.
While the Commission is open to exploring alternative solutions that comply with World Trade Organization (WTO) principles, the imposition of tariffs remains a viable option to address concerns about unfair competition.
The proposed tariffs are intended to level the playing field for European BEV manufacturers, allowing them to compete on a more equitable basis.
By countering the effects of Chinese subsidies, the EU aims to protect its domestic industry and support the transition to a greener economy.
