The European Union could vote to finalize tariffs on electric cars made in China.
Tariffs on electric vehicles made in China could be applied from November, about six weeks after the vote. The European Union will put these taxes to a vote on September 25, reports Carscoops.
China has been grappling with the potential fallout from additional tariffs ever since the European Commission launched an investigation into domestically built electric cars.
Europe has proposed significant tariff increases for all applicable brands, although the rate of tariff increases varies depending on how the brands cooperate with the authorities’ investigation.
According to sources, it seems that the European Union will put the new tariffs to a vote at the end of this month. If all goes according to plan, the new taxes will come into effect from November. The only thing that could delay the process is if a qualified majority, which would require at least 15 member states representing 65% of the EU’s population, votes against the tariffs.
Taxes on Chinese electric cars could be finalized soon
Several Chinese and EU officials have reportedly taken part in meetings this month to try to explore alternatives to the said tariffs, but little progress has been made.
The EU believes a solution must be based on World Trade Organization rules and address subsidies to Chinese electric vehicles. Chinese Commerce Minister Wang Wentao is also expected to visit Europe next week for talks with EU trade chief Valdis Dombrovskis.
Not only Chinese manufacturers such as Geely, SAIC or BYD are affected by these taxes. Any electric car built in China and sold in the European Union will incur these taxes. Manufacturers such as Tesla, Volvo or Volkswagen may be affected.
Source: www.promotor.ro
