Finally, the The European Union voted this Friday in favor of final approval and for the next five years of tariffs on Chinese electric cars.
Europe thus confirms a measure which was initially approved in July, even if at the time it was provisional.
In this way, and in principle, until 2029, all electric cars manufactured in China and sold in Europe will benefit from additional tariffs to those they already benefited from by 10% before this measure.
However, the percentage of these prices is not yet final since negotiations will continue over the coming months.
Prices which have been revised in recent weeks and currently range from 7.8% for Tesla; up to 35.3% of SAIC and passing through 17% of BYD and 18.8% of Geely.
Now begins a period of uncertainty in which we will have to analyze whether Chinese electric car manufacturers are increasing the prices of their models. Since this measure came into force provisionally, some brands have increased the price of their cars and others have decided to keep them.
However, in this sense, One of the most critical executives of the measure was Wayne Griffthis, president of Seat.who stressed that these tariffs would endanger the viability of brands like Cupra.
This manager was specifically referring to having to apply up to 21% extra tariffs to models like the Cupra Tavascan, which increases the price and reduces margins.
Until the new tariffs were imposed, Chinese electric cars were already subject to 10% taxes. From now on, therefore, these new tariffs will increase the tariffs even more with percentages ranging from the aforementioned 7.8% for Tesla and up to the most penalized like MG which has 35.3% because according to the EU, collaboration with the ‘Europe in The information was not as necessary as they hoped.
