EU to Temporarily Impose Anti-Subsidy Duties on Imported Electric Vehicles from China Starting July 5th, 2024

On July 4th, local time, the European Commission announced that after a nine-month anti-subsidy investigation into Chinese electric vehicles (BEV), it has decided to impose a temporary anti-subsidy duty on imports of electric vehicles from China. The temporary tariffs apply to certain Chinese manufacturers, with rates of 17.4% for BYD, 19.9% for Geely, and 37.6% for SAIC. Other Chinese manufacturers that cooperated but were not sampled will be subject to a weighted average tariff of 20.8%, while non-cooperative electric vehicle manufacturers will face a rate of 37.6%.

The temporary tariffs are set to take effect on July 5th, 2024, and will last for up to four months. During this period, EU member states will vote on whether to convert it into a formal tariff for five years. The EU and the Chinese government are still seeking a solution that complies with WTO rules through technical discussions. Compared to the tariff rates disclosed on June 12th, 2024, the temporary tariffs have been slightly reduced based on opinions from relevant parties regarding the accuracy of the calculations.

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