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The European Union plans to tax imports of Chinese electric vehicles by up to 36% over five years, unless Beijing offer an alternative solution, the company announced on Tuesday. European Commission.
These tariffs, which are added to the 10% rates already applied to vehicles manufactured in China, will come into effect by the end of October and will replace the temporary rates that were decided in July, set at 38%, the agency said in a statement. European Commission.
The Commission (EU Executive) declared itself “open” to dialogue and any alternative solution to avoid these rates that some Member States criticized, such as Germany y Sweden.
The Chinese Ministry of Trade He indicated that he “strongly opposes” these measures and urged the Commission to seek “appropriate solutions and concrete measures to prevent an escalation of trade frictions.”
The European Commission The government also announced that it would not collect the provisional taxes that had come into effect on 5 July. The money from these taxes will remain in a blocked account and will later be returned.
These new rates will be definitively adopted before November unless a qualified majority of members (15 of the 27 countries in the EU) vote UE representing 65% of the bloc’s population) opposes it.
They concern most Chinese manufacturers. Brussels will impose additional tariffs of 17% on BYD, instead of the 17.4% that was foreseen by the provisional rate decided last month; from 19.3% to Geely (compared to 19.9%) and 36.3% to SAIC (compared to 37.6%).
The remaining manufacturers will be subject to an additional average rate of 21.3%, higher than the 20.8% decided in July, if they cooperated with the investigation; and 36.3% if they did not.
The European automotive industry, leader in gasoline and diesel engines, fears that its plants will disappear if it fails to put a stop to the euphoric arrival of Chinese electric models.
Beijing has long been a leader in investing in batteries. In the European Union, the market is booming while the issue is still a matter of controversy.
To 2035, It is planned that new vehicles with internal combustion engines will cease to be sold and Chinese electric vehicles currently represent 22% of the European market, compared to 3% three years ago, according to industry estimates.
Chinese brands occupy the 8% of the market.
The EU is also planning a 9% tax for five years on imports of electric cars from the brand Teslas made in China.
This rate is much lower than that initially contemplated by Brussels for Chinese electric cars because Tesla receives fewer subsidies in the Asian giant. /AFP
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2024-08-28 00:40:28