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Special tariffs on EVs: EU lowers rates slightly – Tesla benefits

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Published: September 11th, 2024,
Last updated: September 19th, 2024

Luftaufnahme des Tesla-Werks in Shanghai
Tesla plant in Shanghai: The EU again lowers extra tariffs on the US manufacturer.

According to a Bloomberg report, the EU will once again slightly lower the extra tariffs on EVs for some manufacturers. Based on new information provided by the companies, the tariffs will be revised downwards slightly, the news agency writes, citing anonymous sources. The special tariff rate for the US car manufacturer Tesla will be revised from nine percent to just under eight percent. The new rate for Geely is 18.8 percent instead of 19.3 percent, while the rate for BYD remains at 17 percent. The maximum rate imposed on Chinese manufacturers that failed to cooperate in the EU subsidy investigation will be 35.3 percent, compared to the previously set 36.3 percent. At the time of the initial announcement, the maximum rate had been as high as 38 percent.

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