Chinese electric cars slugged with import tax in Europe, car makers respond – report

AutoExec Summary
Car makers are facing a tariff of up to 37.6 per cent on imported Chinese electric cars to Europe, in addition to an existing 10 per cent import duty. The European Union imposed the tax in response to a flood of cheap electric cars manufactured with subsidies provided by the Chinese government. Tesla, the largest importer of electric cars from China to Europe, has announced it would be forced to increase the price of the Model 3 due to the new tariff. Several Chinese car brands are facing additional tariffs, but some are planning to build factories in Europe to mitigate the impact. The Chinese Government has said it will take “all necessary measures” to protect the country’s interest.

Brands mentioned: Tesla, SAIC Motor, BYD, Chery, Polestar, GWM, Nio, BMW