Key Points
- The European Union on Friday voted to adopt definitive tariffs on China-made battery electric vehicles (BEVs).
- “Today, the European Commission’s proposal to impose definitive countervailing duties on imports of battery electric vehicles (BEVs) from China has obtained the necessary support from EU Member States for the adoption of tariffs,” the EU said in a statement.
- The EU added that it was still working in China to look for “an alternative solution” even as the tariffs are adopted.
The European Union on Friday voted to adopt definitive tariffs on China-made battery electric vehicles (BEVs).
“Today, the European Commission’s proposal to impose definitive countervailing duties on imports of battery electric vehicles (BEVs) from China has obtained the necessary support from EU Member States for the adoption of tariffs,” the EU said in a statement.
It added that the decision marked another step toward the conclusion of the Commission’s anti-subsidy investigation into electric vehicles from China, which was launched in October 2023.
The EU first announced that it would slap higher tariffs on Chinese electric vehicle imports in June, on the grounds that they benefit “heavily from unfair subsidies” and posed a “threat of economic injury” to electric vehicle producers in Europe.
Duties were also disclosed for individual companies that linked to their levels of cooperation and information they supplied to the EU as part of the bloc’s probe into EV production in China.
Provisional duties were put in place from early July.
www.cnbc.com/2024/10/04/european-union-votes-to-impose-tariffs-on-chinese-electric-vehicles.html