The European Commission will impose provisional countervailing duties on imports of electric vehicles from China in response to what it considers to be “unfair subsidies” by Beijing for the production of these cars, it was announced on Thursday.
In a statement, the community executive announced this Thursday that He “The Commission imposed provisional countervailing duties on imports of these carsnine months after the launch of an investigation into state subsidies for electric vehicles in China.
Countervailing duties are a type of tax levied on imported goods to offset subsidies granted to producers of these goods in the exporting country, and will be applied starting Friday, July 5.
“Based on the investigation, the Commission concluded that China’s battery electric vehicle value chain benefits from unfair subsidiesand are putting EU electric vehicle producers at risk,” the Commission said.
A European source told Lusa that the nearly 300-page investigation found government subsidies throughout the entire production chain of these cars.
Countervailing duties are applied to three Chinese producers: BYD Auto (17.4%), Gelly (19.9%) and SAIC (37.6%).
Source: Observadora
