The European Union on Tuesday said a planned tariff on Tesla vehicles being imported from China would be cut to 9% from 20.8%.
Cars are parked at a Tesla dealership. The car manufacturer Tesla presents its business figures for the past quarter after a decline in deliveries.The European Union on Tuesday said planned tariffs on Tesla vehicles being imported from China would be cut to 9% from 20.8%, while also reducing a number of planned import duties on other Chinese electric vehicle firms.
The European Commission, the executive arm of the EU, announced a preliminary conclusion that the battery-electric vehicles value chain in China "benefits from unfair subsidisation" and pronounced that it is in the EU's interest to impose "provisional countervailing duties" on BEV imports from China.The EU Commission disclosed on Tuesday its draft decision to "impose definitive countervailing duties on imports of battery electric vehicles from China.
Electric vehicles made by Tesla in China will now face duties of 9% on imports to the EU. That is down from an anticipated rate of 20.8%, which the EU signposted in an earlier decision in July. It comes after Elon Musk's electric vehicle maker made a "substantiated request" to the EU that planned tariffs on its China-made EVs be recalculated to reflect specific subsidies the company receives in China.
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