Hyperdrive
EU Plans Sept. 25 Vote on Raising Tariffs on EVs From China
- EU duties on EVs from China would be as high as about 45%
- Spain and Germany have expressed reservations on the tariffs
The EU has proposed hitting SAIC Motor Corp., Volvo Car AB parent Geely and BYD Co. with duties of 36.3%, 19.3% and 17%, respectively, on top of the 10% tariff that exporters from China are already subject to.
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The European Union is aiming to hold a vote on introducing definitive tariffs on electric vehicles imported from China on Sept. 25, according to people familiar with the plan.