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BREAKING NEWS: EU Commission announces preliminary tariffs up to 38% on Chinese EVs (www.euractiv.com)

submitted 4 months ago by [email protected] to c/[email protected]

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The EU will impose additional tariffs of 17.4% to 38.1% on electric cars produced in China, the European Commission announced on Wednesday (12 June), as preliminary results from its anti-subsidy investigation confirmed prices are being distorted by Chinese state support.

The value chain of Chinese electric cars “benefits from unfair subsidisation, which is causing a threat of economic injury to EU battery electric vehicles producers,” EU Commission Vice-President Margaritis Schinas said on Wednesday (12 June).

“When our partners breach the rules, we will assert our rights,” Executive Vice-President Valdis Dombrovskis said in a statement.

“Today we have reached a milestone in our anti-subsidy investigation,” he said, adding that “this is based on clear evidence of our extensive investigation and in full respect of WTO rules.”

Duties will differ per carmaker, with Chinese state-owned manufacturer SAIC facing the highest duty at 38.1%, Chinese Geely to face 20% and BYD 17.4%.

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[–] [email protected] 54 points 4 months ago (19 children)

so:

car dealers don't want to sell EVs, you need to push them otherwise they'll try to sell an ICE model
car makers have collectively decided that EV = luxury vehicle that must be sold at least for 45k
car makers don't really want to make EVs - when the government they introduce a tax subsidy, they increase the price by that exact amount (VW Up for example, they decided that it could be never to sold 5k over the ICE model - when the government increased the subsidy, VW increased the price, and when the subsidy rose to 13k they discontinued the model as it would cannibalize sales of other models)
charge point operators just want to get the european funds to install chargers, but then they're going to neglect any kind of maintenance, to the point that for enelx fast chargers it's the norm to find them broken or out of service and the exception when they work as intended.
charge point operators also don't really want to sell electricity, so they set a 2000% markup. Paying electricity for 1 euro per kwh it's like paying gas at 3 euro per liter
charge point operators have collectively decided that in order to pay for the charge, customers must use the most user-unfriendly process as possible. Can't just accept credit card at the POS with lower fees, no, must register on the proprietary app, search for the charger on the map that almost always requires google play services, find it, guess which of the 8 pins on the map is the right one, hope that unlocks, and so on.

it's almost a miracle that you can see people driving an EV in italy

[–] [email protected] 5 points 4 months ago (18 children)

The point with EVs being over 45k is mostly the extremely pricey battery, China just subsidized until their cars are at a better price, the EU wants to protect European car manufacturers, that’s that.

[–] [email protected] 2 points 4 months ago

"Subsidized until their cars are at a better price"

What do you think subsidies are? Do you think China is paying $10k for each export sale? Do you think China is just hemorrhaging money so that they can bump sales numbers up?

China dumped billions of dollars into a domestic fast charging network that aggressively stimulated domestic demand and dumped billions of dollars into clean energy initiatives to make sure that electricity prices hover around 1RMB/kWh ($0.14/kWh). How much is electricity in Europe? How much is it in the US?

China offered $1750 in purchase-side tax incentives that have since been phased out. How much are the American purchase-side tax incentives passed by the IRA? Are they still ongoing?

Shanghai gave Tesla hundreds of millions in low-interest loans to set up a factory in Shanghai as opposed to, say, Jiangsu, in exchange for billions of dollars in investment. How much did Tesla's Nevada Gigafactory receive in subsidies?

Plus, let's take a look at who's actually exporting cars to Europe:

MG (SAIC), Volvo (Geely), Tesla, and European joint ventures (BMW, Renault, Volkswagen, etc.)

China has been subsidizing the infrastructure for EVs, absolutely, but subsidizing infrastructure is not illegal. If Europe wants to protect its domestic car manufacturers, the first thing it should look at is Tesla. There's also a reason BMW, Volkswagen, and Mercedes oppose tariffs: these risk retaliation against their currently rather unfettered access to the highly profitable, rapidly growing premium car market in China. They're seeing upwards of 10% YoY growth in their luxury car lineups.

The EU Commission is stabbing itself in the chest to save its face. von der Leyen is pursuing a personal vendetta against the best interests of German automakers, completely forgetting the fact that while 10% of Chinese car production is exported, about 70% of German car production is exported. Meanwhile, while Chinese cars predominantly target the lower end of the market, German cars for export are overwhelmingly premium and luxury vehicles. Just an insane policy that seems to be more political pandering than anything else.

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