Advertising
Supported by
The price lists had been expected for months, but many European automakers warned they would lead to higher costs for consumers and trigger an industrial war with China.
By Melissa Eddy
Report from Berlin
The European Union announced on Wednesday that it would impose additional price lists of up to 38% on Chinese-made electric cars, a move it said would signal the box for automakers in Europe.
The tariffs, which have been expected for months, are in addition to the existing 10 percent tariffs, but the reason for their effect has been discussed. Some European automakers say they will start an industrial war, but other experts say it would not possibly prevent China’s dominance in the industry.
Instead, they argue that incentives are needed to make low-emission cars more attractive to drivers, if the European Union hopes to meet its goal of banning the sale of new internal combustion engine cars by 2035.
Industry experts expect China’s expanding EV price lists to hurt consumers more than Chinese automakers, by raising the price of the largest number of EVs on the market.
But according to a European Union survey, the entire supply chain of Chinese electric cars benefits from government subsidies that allow car brands to drastically reduce their production costs. This provides Chinese brands with unfair competitive merit over their European competitors, according to the European research.
BYD’s Dolphin model, for example, sells in Europe for about 32,400 euros, or about $34,900, compared to 40,000 euros for a Tesla Model Y and 37,000 euros for a Volkswagen ID. 4.
We are recovering the content of the article.
Please allow javascript in your browser settings.
Thank you for your patience as we determine access. If you’re in player mode, log out and log in to your Times account or subscribe to the full Times.
Thank you for your patience as we determine access.
Already a subscriber? Sign in.
Do you want all the Times? Subscribe.
Advertising