What are the new EU tariffs on electric vehicles?

CGTN Europe

The European Union has introduced import duties on Chinese electric cars.   China says the new tariffs are unjustified and is challenging the decision.   Here are the basic facts.   #China #Chinanews #EV #Evs

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00:00So importers will now have to pay additional duties of up to 35.3 percent.

00:05Now that's on top of the existing standard EU car import tariff of 10 percent.

00:12These extra duties range from 7.8 percent on Tesla vehicles to 17 percent for BYD

00:20and 35.3 percent for SAIC which makes the MG brand.

00:26In the fourth quarter of last year Tesla cars accounted for more than

00:2940 percent of all EV imports into the EU from China.

00:35Chinese brands accounted for 34 percent while cars made in China by European car makers

00:41represented 24 percent of the share. Almost 440,000 EVs were exported from

00:49China into the EU last year with a combined value of 10.8 billion dollars.

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