Taxation of Chinese language electrical vehicles: how the European Union desires to guard its producers

2024-06-13 00:02:43

Till then, a minimal tax of 10% was utilized to Chinese language vehicles, however the latter, at decrease costs than their European opponents, started to invade Europe. From 2% market share on the finish of 2021, they characterize 8% two years later. Vehicles from the producer BYD will, for instance, be topic to a rise of 17.4%, whereas it will likely be 20% for Geely and 38.1% for SAIC. In whole, a efficiency of 21% needs to be proven.

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