Tesla’s EU tariffs for China-made EV imports expected to get lower
Tesla’s tariffs in Europe for China-made electric vehicle (EV) imports are expected to get lower.
Last month, the European Commission gave Tesla an individual tariff rate of 9% for its EV imports from China. The Commission reportedly plans to revise Tesla’s tariff rate, reducing it to below 8%. According to Mlex, Tesla’s rate might be reduced to 7.8%, but no official announcement has been made yet.
Tesla requested to receive an individual tariff rate from the European Commission, citing that it complied with its anti-subsidy investigation on EV imports from China. In July, EU inspectors visited Tesla Giga Shanghai to see if the factory relied heavily on subsidies from the Chinese government and determine its individual tariff rate.
Based on the Commission’s initial announcements earlier this year, Tesla would have been assigned a duty of 20.8% before it received an individual tariff rate. The original tariff rates reached as high as 38%. The Commission revised its tariff rates in August, with a maximum rate of 37.6%.
According to Bloomberg’s sources, other automakers who import EVs from China may also receive adjusted tariff rates. Besides Tesla, Volkswagen also received an individual duty of 21.3% for the Cupra Tavascan.
The sources did not mention whether BYD, Geely, or SAIC’s individual tariff rate would be reduced. Although the big three Chinese automakers’ individual tariff rates were decreased already last month.
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The post Tesla’s EU tariffs for China-made EV imports expected to get lower appeared first on TESLARATI.
Source: https://www.teslarati.com/tesla-eu-tariff-china-made-ev-imports/
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