Definitive countervailing duties on imports of battery electric vehicles (BEVs) from China have
AI Customer ServiceThe UK should follow suit and adjust upwards its EV import tariffs, while agreeing a European battery alliance with the EU for a tariff-free EV supply chain. Tariffs will not stop Chinese companies from building factories in
AI Customer ServiceThe rise in the use of non-tariff measures, especially in the form of antidumping duties and countervailing duties, has dramatically changed the landscape of trade policy. This column leverages the ongoing Sino-EU
AI Customer ServiceThe UK should follow suit and adjust upwards its EV import tariffs, while agreeing a European battery alliance with the EU for a tariff-free EV supply chain. Tariffs will
AI Customer ServiceNew EU tariffs apply on electric vehicles imported from China as of Wednesday. They remain in place for the next five years.
AI Customer ServiceThe EU is applying these new tariffs — on top of pre-existing EU vehicle import duties of 10% — based on each manufacturer''s contribution to the investigation and the
AI Customer ServiceThe EU''s tariff hike on electric vehicles from China: The data behind the decision Share this article: particularly in energy-intensive battery production. Striking a
AI Customer ServiceThe European Commission announced that it would apply additional tariffs of
AI Customer ServiceAssociation (ACEA) estimate d that a 10 % tariff could cost the industry €4.3 billion, potentially
AI Customer ServiceMain Features of the GivEnergy Battery Storage System. GivEnergy batteries come with a number of features that are summarised below: Safest cell technology on the
AI Customer ServiceThe European Union (EU) recently took a bold step by imposing tariffs of up to 35.3% on battery electric vehicles (BEVs) imported from China, on top of existing 10% tariffs.
AI Customer ServiceAugust 30, 2024: The European Commission this week announced revised tariffs on Chinese imported EVs and their batteries after reviewing feedback on the import duties introduced on
AI Customer ServiceNew EU tariffs apply on electric vehicles imported from China as of Wednesday. They remain in place for the next five years.
AI Customer ServiceThe European Union (EU) increased tariffs on electric vehicles made in China to as much as 45.3% on Wednesday after unsuccessful negotiations with the country.. The
AI Customer ServiceDefinitive countervailing duties on imports of battery electric vehicles (BEVs) from China have been adopted by the EU Commission under Implementing Regulation (EU) 2024/2754,
AI Customer ServiceLast month, the European Commission confirmed tariffs of up to 35 per cent on Chinese electric vehicles, on top of an existing 10 per cent levy. It has also introduced stricter
AI Customer ServiceTariffs will raise EV prices, slow the push for net zero. The EU''s goal of phasing out ICE vehicles by 2035 was already facing challenges. The market share of battery electric vehicles fell from 14.5% in 2023 to 12% in the
AI Customer ServiceThe European Commission announced that it would apply additional tariffs of up to 38.1% on imported Chinese electric vehicles from next month. The investigation also
AI Customer ServiceOn May 14, the Biden administration announced the US will impose additional tariffs on $18 billion worth of goods from China, which includes a tariff increase from 25% to 100% on electric
AI Customer ServiceThe EU is applying these new tariffs — on top of pre-existing EU vehicle import duties of 10% — based on each manufacturer''s contribution to the investigation and the support they are thought to have benefited from.
AI Customer ServiceLast month, the European Commission confirmed tariffs of up to 35 per cent
AI Customer ServiceAssociation (ACEA) estimate d that a 10 % tariff could cost the industry €4.3 billion, potentially reducing EV production by nearly 500000 units. Higher EV prices (as much as €4 100 per
AI Customer ServiceIn 2023, Chinese imports accounted for 26 per cent of new battery EV sales in the EU, compared with 19 per cent from other countries and 55 per cent from domestic
AI Customer ServiceOn Tuesday, U.S. President Joe Biden announced a slew of new of trade tariffs on Chinese imports, including electric vehicles (EVs), lithium-ion batteries, certain types of magnets, critical minerals, steel, and aluminum.
AI Customer ServiceTariffs will raise EV prices, slow the push for net zero. The EU''s goal of phasing out ICE vehicles by 2035 was already facing challenges. The market share of battery electric
AI Customer ServiceThe European Commission just proposed new tariffs on China-made electric vehicles of up to 38 percent. Additionally, the US imposition of tariffs on EVs and other
AI Customer ServiceThe European Union (EU) recently took a bold step by imposing tariffs of up
AI Customer ServiceThese include provisions on rules of origin – the criteria for establishing that a product is of EU or UK origin and therefore qualifies for the preferential trade regime under the TCA. For EV battery packs or battery cells to be recognised as being of EU or UK origin – and therefore eligible for zero tariffs – certain percentages of their
At the same time, the EU battery cell import tariff is the lowest compared to China (10% for EU) or the US (10.9% for China), at a mere 1.3% currently. Without decisive protective and supportive measures, the EU battery industry risks losing out to foreign competition.
In the run-up to the deadline, EU and UK carmakers issued numerous warnings signalling that they could not meet the heightened requirements. The European Automobile Manufacturers' Association (ACEA) estimated that a 10 % tariff could cost the industry €4.3 billion, potentially reducing EV production by nearly 500 000 units.
The UK should follow suit and adjust upwards its EV import tariffs, while agreeing a European battery alliance with the EU for a tariff-free EV supply chain. Tariffs will not stop Chinese companies from building factories in Europe as BYD and CATL are already doing.
Many Chinese players are already planning battery investments into Europe. Similar to previous trade disputes, an amicable solution can be found. This can include a lower tariff up to a certain volume of imports (e.g. 10-15% of the market) at an agreed minimum price, with the higher tariff kicking in afterwards.
The rationale behind the rules was to incentivise investment in domestic battery manufacturing capacity. However, the rules were agreed prior to the emergence of major social and economic developments that had a strong disruptive effect on the EU and UK supply chains and automotive sectors.
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