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Tesla to get lowest EU tariff on its Chinese made EVs
The Guardian
|August 21, 2024
Tesla will face a 9% levy on its Chinese-made cars exported to the EU, the European Commission has said, as it issued an update on its sweeping investigation into Beijing's "unfair" subsidies on electric vehicles.
The tariff on Tesla - far lower than the 21.3% average on companies that cooperated with the EU investigation and 36.3% on those that did not -came after the California-based firm requested individual treatment as part of the Brussels inquiry.
The levies far lower than the 100% tariffs imposed by the US come on top of the EU's existing 10% duty on EVs from China.
EU officials visited Tesla's Shanghai operations in June and said yesterday that it had benefited from Chinese state subsidies, mainly below-cost batteries, but also cheap land and grants for exporters.
This story is from the August 21, 2024 edition of The Guardian.
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