Schedule a Call Back
EU lowers planned tariff on Tesla's china-made electric vehicles to 9%
Industry News- Aug 21,24
The tariffs are in addition to the EU's standard 10% duty on car imports.
The European Commission has reduced its proposed import tariff on Tesla's China-made electric vehicles from 20.8% to 9%, following a request from Tesla to recalibrate the rate based on the specific subsidies it had received. This decision comes as part of the EU's broader anti-subsidy investigation into Chinese-made electric vehicles, which had initially led to the imposition of punitive duties as high as 37.6% in July.
Tesla, classified as a cooperative party in the investigation, received a reduced tariff after the Commission sent a team to Tesla's facilities in China to verify the subsidies the company had obtained. The investigation found that Tesla benefitted from fewer subsidies compared to Chinese EV producers targeted in the probe.
Despite the reduction for Tesla, the Commission upheld its stance that Chinese EV production benefits extensively from government subsidies, setting final duties of up to 36.3% for non-cooperative firms. The tariffs are in addition to the EU's standard 10% duty on car imports.
Some Chinese firms in joint ventures with European automakers may also see reduced tariffs as the EU continues to refine its approach to managing competition with Chinese EV manufacturers.
(Business Standard)
Related Stories
Auto & Auto Components
Ashok Leyland opens green mobility-focused greenfield plant in Uttar Pradesh
Designed primarily for electric vehicle manufacturing, the plant has an annual production capacity of up to 5,000 vehicles.
Read morePolicy Regulation
Copper Prices Hit Record Above $13,000 per Tonne
Supply fears and AI-led demand drive sharp rally
Read moreAuto & Auto Components
Rewarding Manufacturing Resilience
Effective January 1, 2026, Mexico imposed import duties ranging from 5 per cent to 50 per cent on a broad set of goods from non-free trade agreement (FTA) countries, including India, China, South Ko..
Read moreRelated Products
Automotive Oil Pump
AUTO COMPONENTS & ACCESSORIES
Kalpak Auto Pvt Ltd offers a wide range of
automotive oil pump.
Tata Motors unveils facilities for development of Hydrogen propulsion tech
AUTO COMPONENTS & ACCESSORIES
Tata Motors, India?s largest automobile company, unveiled two state-of-the-art & new-age R&D facilities for meeting its mission of offering sustainable mobility solutions. The unveilings constitute of Read more
Tata Motors plans petrol powertrain for Harrier and Safari SUVs
AUTO COMPONENTS & ACCESSORIES
Tata Motors is in the process of developing a new petrol powertrain for its premium sports utility vehicles, the Harrier and Safari, as confirmed by a senior company official. Currently, these models Read more
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
