Volkswagen:Competition From China EVs: Difference between revisions

* The other challenge facing Chinese EV players in Europe is the decision by the EU Commission to impose additional tariffs on them citing that they have unfair advantage over homegrown players due to subsidies provided by the Chinese government. The current preliminary additional tariff on BYD imports is 17%. Geely and SAIC currently attract additional tariffs of 19.3% and 36.3%, respectively<ref>https://ec.europa.eu/commission/presscorner/detail/en/ip_24_4301</ref>. However, these additional tariffs are too low to deter these Chinese EV makers from expanding to Europe. According to the already mentioned analysis by the Rhodium Group, if the EU Commission were to imposed additional 30% tariff on Chinese EV imports, BYD's SEUL U would still be sold at a profit of 4,700 neuros (14,300 euros before the additional tariffs). As it can be seen by the screenshot below, only a few Chinese EV models would lose the incentive to sell in Europe<ref name=":3" />