A move has been made that will escalate the automotive wars in Europe.

A move has been made that will escalate the automotive wars in Europe.

30.10.2024 10:01

The European Union's known strategy of raising taxes to prevent China's trade and expansion is ongoing. The EU has increased customs duties on electric vehicles originating from China to as much as 45.3%.

China's ambition to take the lead in almost every field worldwide is being resisted by the EU and the US. Other countries plan to reduce trade with China, which has started producing high-quality products at low costs, by imposing quotas and tariffs.

As a result of its investigation, the European Union decided to increase tariffs on electric vehicles originating from China by up to 45.3%.

The European Commission will set additional tariffs for Tesla at 7.8% on top of the standard 10% car import tax in the EU, and for the Chinese company SAIC, tariffs will vary up to 35.3%.

PUBLISHED IN THE OFFICIAL GAZETTE

Additional tariffs were officially approved by being published in the EU Official Gazette on Tuesday and will come into effect today.

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