9:02 am, September 11, 2024
The European Union is poised to reduce the final tariffs that have been proposed for Teslas as well as some EVs from China.
That’s according to a report by Reuters citing what the news agency calls a close source and follows presentations by both sides to the EU.
The proposed levy for Tesla was 9% but that is said to have been lowered to 7.8%.
Geely’s has allegedly been reduced from 19.3% to 18.8%, while MG owner SAIC as well as other Chinese manufacturers not co-operating with the EU’s inquiry are understood to be facing a top rate of 35.3%.
There has been no change to BYD’s proposed levy of 17%.
The tariffs are additional to the standard 10% import duty for cars imposed by the EU.
The European Commission – the EU’s executive arm – has also been carrying out an anti-subsidy probe into EVs from China but wouldn’t comment. Meanwhile, Reuters was waiting for a comment from Tesla.
Tesla’s initial proposed rate – set in August – was separate from and much lower than the 20.7% that will be slapped on all co-operating firms such as Nio, Great Wall and Chery.
The EU’s 27 member states will now vote on the proposed final duties, which will be brought in unless members representing a total of 65% of the population vote against them.
